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McWatters designated as tenth Chairman of NCUA Board

Wed, Jun 28, 2017

The NCUA announced yesterday that Acting NCUA Board Chairman J. Mark McWatters has been designated as the tenth Chairman of the NCUA Board by President Donald J. Trump. 

“I thank President Trump for this honor and the trust he has placed in me,” McWatters said. “As Chairman of the NCUA, I remain committed to providing regulatory relief for the credit union community, in compliance with the Federal Credit Union Act, and to streamlining the operations of NCUA as a prudential regulator.”

Prior to joining NCUA’s Board, McWatters served as Assistant Dean for Graduate Programs and as a Professor of Practice at the Southern Methodist University Dedman School of Law and as Adjunct Professor at the university’s Cox School of Business. He also served on the Governing Board of the Texas Department of Housing and Community Affairs and on the Advisory Committee of the Texas Emerging Technology Fund.

“The Maryland and DC Credit Union Association would like to congratulate Chairman McWatters on his appointment,” MD|DC CUA President/CEO John Bratsakis said. “Since coming to the NCUA, his focus has been on creating a fair but positive regulatory framework for credit unions to grow and compete. We look forward to continuing to work with him, the board and the agency in the future.”

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. McWatters has served as Acting Board Chairman since Jan. 23.

MD|DC CUA has built a solid working relationship with McWatters. McWatters spoke at the Association’s Advocacy Luncheon during GAC in March and was a featured speaker at the Association's 2016 Annual Meeting & Convention.