McWatters named acting NCUA chairman

President Donald J. Trump has designated National Credit Union Administration board member J. Mark McWatters as the acting chairman of the NCUA Board. McWatters succeeds Rick Metsger, who was designated board chairman in May 2016. Metsger continues to serve as an NCUA board member. “I am deeply honored that President Trump has asked me to […]

President Donald J. Trump has designated National Credit Union Administration board member J. Mark McWatters as the acting chairman of the NCUA Board. McWatters succeeds Rick Metsger, who was designated board chairman in May 2016. Metsger continues 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.”

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.
Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.