Trump Taps McWatters Acting NCUA Chair

President Donald Trump has designated National Credit Union Administration Board Member J. Mark McWatters as the Acting Chairman of the NCUA Board.

J. Mark McWatters (Photo: Credit Union Times)

McWatters succeeds Rick Metsger who will continue to serve as an NCUA Board Member.

“I am deeply honored that President Trump has asked me to serve as Acting Chairman of NCUA,” McWatters said. “I look forward to continuing to work with Board Member Metsger to facilitate the ability of credit unions to better serve their members. I remain committed to bringing true regulatory relief to the extent permitted by applicable law and to protecting the deposits of the more than 106 million Americans who rely on federally insured credit unions for their financial needs, all in a manner that ensures the safety and soundness of the National Credit Union Share Insurance Fund.”

Metsger congratulated McWatters, adding that he expects their “strong working relationship to continue.”

“He and I have mutual respect for, and trust in, one another, and I think we have accomplished a good deal in the past nine months. Our commitment to working together for a safe and sound credit union system remains the same,” Metsger said.

McWatters was nominated to the NCUA Board by then-President Barack Obama on Jan. 7, 2014. Following Senate confirmation, he took office as an NCUA Board Member on Aug. 26, 2014.

Click here for the full statement released by NCUA.

Questions about this story? Contact Eric Horvath: 503.350.2222, ehorvath@nwcua.org.

 

Posted in Advocacy News, Federal, NCUA.