NAFCU statement on swearing-in of McWatters to NCUA Board

WASHINGTON (August 26, 2014) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding the swearing-in of Mark McWatters to the National Credit Union Administration (NCUA) Board. The swearing-in ceremony took place today in Dallas at House Financial Services Chairman Jeb Hensarling’s (R-Texas) office.

“We congratulate Mr. McWatters on his new post and look forward to working with him in his new role and to continue our efforts with NCUA to support a positive regulatory environment for credit unions, particularly regarding the proposed risk-based capital rule,” said Berger.

McWatters was sworn in by outgoing NCUA Board Member Michael Fryzel, whose NCUA Board term expired last Aug. 2. Hensarling, who McWatters served as legal counsel for in 2009, delivered a ceremonial swearing-in at the event.

McWatters was nominated to replace Fryzel on the NCUA Board in January by President Obama. McWatters was confirmed by the Senate June 19. His term will continue through Aug. 2, 2019.

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The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.

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