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Debbie Matz

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Debbie Matz

Deborah "Debbie" Matz (born August 25, 1950) is an American civil servant who served as the 8th Chairman of the National Credit Union Administration.

Matz was born in New York City on August 25, 1950. Matz has a B.S. from Cornell University and a Master of Arts from George Washington University. She began her career working for the United States Department of Housing and Urban Development in New York and then served as a staffer for Congressman Peter A. Peyser (D-NY). Three years later, she took a position with the Office of Technology Assessment in which she served briefly. She then began one of two tenures with the United States Congressional Joint Economic Committee. During the Clinton Administration, she was a presidential appointee in the Senior Executive Service. After Bill Clinton left office in 2001, she joined the United Nations Food and Agriculture Organization as executive officer of the Washington D.C. liaison office.

At the recommendation of then-Senate Majority Leader Tom Daschle, President George W. Bush nominated Matz to her first term on the NCUA board. Before the U.S. Senate confirmed her nomination on March 22, 2002, she served as a recess appointee. Matz served as an NCUA board member from January 2002, to October 2005.

During her first term, Matz initiated a series of workshops called Partnering and Leadership Successes (PALS) to encourage credit unions to reach out to consumers in their field of membership who were underserved by federally insured depository institutions or who relied upon non-traditional lenders to meet their cash needs.

Matz also helped restructure NCUA's operations to create the Office of Small Credit Union Initiatives. This specialized office, which provides free consulting, training, and grants, is intended to helping small, low-income credit unions.

Matz cast the lone vote against a final rule to modify the regulations governing corporate credit unions in 2002. Matz raised concerns about the rule's inadequate risk concentration limits and the overly broad and permissive investment authority.

During the 2008 financial crisis, five corporate credit unions that had purchased high concentrations of faulty mortgage-backed securities faltered and were ultimately liquidated by NCUA. In one of her early acts as NCUA chairman, Matz developed revised rules to strengthen the governance and operations of corporate credit unions.

Between her terms on the NCUA, she was the executive vice-president and chief operating officer of Andrews Federal Credit Union, an $800 million federal credit union and served on President Obama's Economic Transition Team.

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