President Donald Trump on Thursday named NCUA Board Member J. Mark McWatters the agency’s new acting chairman, effective immediately.
NAFCU President and CEO Dan Berger phoned McWatters after hearing the news to congratulate him. “We congratulate Chairman McWatters and look forward to continuing to work with him and Board Member Rick Metsger to ensure a positive regulatory environment for credit unions,” said Berger.
The NAFCU president also congratulated McWatters in a letter sent Thursday.
“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.”
continue reading »