J. Mark McWatters was named acting chairman of the NCUA board Thursday by President Donald Trump. McWatters has served as a board member since August 2014.
“CUNA and the Leagues congratulate J. Mark McWatters on his appointment by President Trump as acting chairman of the NCUA Board,” said CUNA President/CEO Jim Nussle. “We look forward to working with Chairman McWatters on his agenda of improving the efficiency of the agency and increasing flexibility for well-managed credit unions while maintaining principles of safety and soundness, and we thank the President for prioritizing this appointment.
“We further welcome a continuation of the collegial and professional approach taken by him and Mr. [Rick] Metsger over the past year that has resulted in significant positive changes at the agency,” Nussle added.
Metsger, outgoing NCUA chairman, will remain a board member. The third seat on the board is currently vacant.
McWatters previously served as the assistant dean for Graduate Programs and as a professor of practice at the Southern Methodist University Dedman School of Law in Dallas and as an adjunct professor at the university's Cox School of Business. He also served on the governing board of the Texas Department of Housing and Community Affairs and the advisory committee of the Texas Emerging Technology Fund.
Prior to that, McWatters was a member of the Troubled Asset Relief Program Congressional Oversight Panel and as counsel to Rep. Jeb Hensarling (R-Texas).