ALEXANDRIA, Va. – Acting NCUA Chairman J. Mark McWatters has been officially designated as Chairman of NCUA by President Trump. McWatters becomes the 10 th chairman of the NCUA board. “I thank President Trump for this honor and the trust he has placed in me,” McWatters said in a statement. “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. “We best fulfill our obligation to protect America’s $1.3 trillion credit union community and its 108 million, largely middle-class, members, and the safety and soundness of the National Credit Union Share Insurance Fund by promoting a strong and vibrant system and by making the NCUA even more efficient, effective, transparent and fully accountable,” McWatters said. McWatters was nominated to the NCUA Board by then-President Barack Obama on Jan. 7, 2014. Follow...
“Great things happen when credit unions serving first responders come together. Our face-to-face and online interaction is the platform where collaboration begins, and GREAT ideas are generated”