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NAFCU statement on confirmation of McWatters to NCUA Board

WASHINGTON, DC (June 19, 2014) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding the U.S. Senate’s confirmation of presidential nominee Mark McWatters to the National Credit Union Administration (NCUA) Board.

“NAFCU congratulates Mr. McWatters on his confirmation,” said Berger. “We stand ready to work with Mr. McWatters and to continue our efforts with NCUA to ensure a positive regulatory environment for credit unions, especially concerning the proposed risk-based capital rule.”

McWatters was nominated in January to succeed Michael Fryzel, whose NCUA Board term expired last Aug. 2. McWatters’ term will continue through Aug. 2, 2019.

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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public. 

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