Rodney Hood Nominated to take Rick Metsger’s Seat on NCUA Board

6/19/18

President Donald Trump nominated Rodney Hood, corporate responsibility manager for JPMorgan Chase and Co., to serve on the National Credit Union Administration (NCUA) for the remainder of a six-year term.

He will take the seat previously held by Rick Metsger if his nomination is approved, which could take between three to six months. The NCUA has a full-time, three-member board appointed by the president and confirmed by the U.S. Senate. No more than two board members can be from the same political party, and each member serves a staggered six-year term. Metsger’s seat has just over five years remaining. He previously served as NCUA’s representative on the NeighborWorks America Board of Directors.

Hood was previously appointed by President George W. Bush to sit on the NCUA Board from 2005 to 2009. During his tenure, the NCUA adopted a revolving-door rule that ensured senior NCUA examiners would be prohibited from working for a credit union that they had examined in the past 12 months until a year-long cooling off period. In addition, the board passed a final rule requiring better disclosure of overdraft and courtesy pay programs.

Hood also served in the Senior Executive Service as the Associate Administrator of the Rural Housing Service at the U.S. Department of Agriculture. The North Carolina Legislature elected him to a term as a member of the Board of Governors for the University of North Carolina College System – the oversight and policy body for the state’s 17 public universities, hospitals, and public radio and broadcasting stations.

Prior to public service, Hood held management positions in the financial services industry: Division Manager, Community Development Lending at Wells Fargo; National Director, Affordable Housing at Wells Fargo; Community Reinvestment Manager at Bank of America; Corporate Marketing Director at North Carolina Mutual Life Insurance; and Credit Analyst at GE Capital.

Posted in NCUA.