WASHINGTON (1/12/16)--President Barack Obama announced his intention Monday to nominate current National Credit Union Administration (NCUA) board member J. Mark McWatters to a position on the Export-Import Bank board of directors.
McWatters, who has served on the NCUA board since August 2014, said Monday evening he intends to remain fully engaged on matters coming before the NCUA board during the confirmation process.
“It is an honor to be nominated by President Obama to serve on the board of directors of the Export-Import Bank,” said McWatters. “If confirmed by the U.S. Senate, I look forward to working with [Export-Import Bank] Chairman [Fred] Hochberg and Vice Chair [Wanda] Felton. Until that time, I will continue to work on the critical regulatory issues and policies facing the credit union system as a member of the NCUA Board.”
McWatters was nominated by Obama to serve on the NCUA board Jan. 7, 2014. Following confirmation by the U.S. Senate on June 19, 2014, he took office as an NCUA board member on Aug. 26, 2014.
Previously, McWatters served as the director of Graduate Programs and as an adjunct professor at the Southern Methodist University (SMU) Dedman School of Law from 2011 to 2014 and an adjunct professor at SMU’s Cox School of Business from 2009 to 2014.
From December 2009 to April 2011, McWatters was a member of the Troubled Asset Relief Program Congressional Oversight Panel. He also served as counsel to Rep. Jeb Hensarling (R-Texas) in 2009.