J. Mark McWatters resigned Friday from his position on the board of the National Credit Union Administration. McWatters has served on the NCUA board since his nomination by then-president Barack Obama in 2014.
CUNA President/CEO Jim Nussle issued the following statement thanking McWatters for his service:
"As a member of the NCUA Board, J. Mark McWatters has helped credit unions advance the financial well-being of their 120 million members. We're appreciative of his work to reduce the regulatory hurdles that credit unions face and for his service to the movement. We wish him well in his next endeavor.”
McWatters served as Chairman of the NCUA Board from 2017-2019. His term expired in August of 2019, but he agreed to continue serving on the board until the Senate confirmed his successor.
"As the coronavirus pandemic continues to affect the health and finances of communities across the country, it is more important than ever that the Senate act swiftly on the confirmation for Mr. McWatters' successor. We look forward to the Senate’s consideration of this matter in the coming days,” Nussle added.
The Senate moved Wednesday to schedule a vote on President Trump’s nominee to fill McWatters’ vacancy, with a vote expected after the Thanksgiving holiday.