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NASCUS congratulates McWatters on Senate confirmation

(June 19, 2014) — Tax attorney Mark McWatters, the assistant dean for graduate programs, an adjunct professor at the Southern Methodist University Dedman School of Law, was confirmed by the Senate today to serve on the three-person NCUA Board.

“NASCUS congratulates Mr. McWatters on his confirmation,” said NASCUS President and CEO Mary Martha Fortney. “Having served on the TARP Congressional Oversight Panel and advocating to ease the regulatory burden on financial institutions, he has an understanding of policy, regulation, and the complicated nuances of balancing public policy. He will be an excellent addition to the NCUA Board.

“There are critical matters facing the credit union system and state and federal regulator continuing dialogue will be crucial and necessary.  We look forward to working with Board member McWatters on these matters of concern and interest to the state credit union system,” Fortney added.

McWatters, a past member of the Troubled Asset Relief Program (TARP) Congressional Oversight Panel in Washington from 2009 to 2011, and former counsel to Rep. Jeb Hensarling (R-Texas), now chairman of the House Financial Services Committee, was nominated to the board Dec. 17, 2013, by President Barack Obama. He replaces Republican Michael Fryzel, whose term officially expired Aug. 2, 2013. Fryzel has been serving on the NCUA Board since July 2008.

About NASCUS

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies. To learn more about NASCUS, visit www.nascus.org.

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