WASHINGTON (10/31/13)--The Credit Union National Association sent a statement to the White House Wednesday on the nomination of Rep. Mel Watt (D-N.C.) to head the Federal House Finance Agency (FHFA).
CUNA, which has a longstanding policy not to endorse presidential nominees, said of Watt: "Rep. Mel Watt is a very astute and thoughtful legislator who throughout his career has listened to the concerns of credit unions as he analyzed and voted on legislation.
"We've always appreciated our relationship with Congressman Watt and look forward to working with him should he be confirmed as the next director of the Federal Housing Finance Agency."
CUNA also recognizes that it is important for an FHFA director to be confirmed, rather than serve without the approval of the Senate. The FHFA has been operating under acting Director Edward DeMarco since James Lockhart left the post of director in August 2009.
Watt needs 60 votes to be confirmed as FHFA leader, and to amass that number of yea votes must bypass what has been strong Republican opposition to his nomination. It is expected that the U.S. Senate could vote on Watt's nomination today.