WASHINGTON – A move from the Chairman’s office at NCUA would not only be a fall in prestige for Michael Fryzel, if nominee Deborah Matz is confirmed, but would be costly as well.
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That because Fryzel would see his annual salary fall from $162,900 to the $153,200 earned by the other two NCUA Board members.
Democrat Matz, who served on the NCUA Board from 2002 to 2005, has been nominated by President Obama to be the next NCUA Chairman, which would push Republican Fryzel out of the chairman’s seat. If confirmed by the Senate, Matz would succeed Republican Rodney Hood, whose six-year term expired last month, and it would give Democrats the majority on the three-member panel.
