WASHINGTON — The chairman of the NCUA is ready to work with Mark McWatters if he is confirmed to fill the third seat on the agency's board.
President Barack Obama
If confirmed, McWatters would succeed Republican Michael Fryzel, whose six-year term on the NCUA board expired Aug. 2. McWatters would join Chairman Debbie Matz and Richard Metsger, both Democrats.
Matz told Credit Union Journal in an interview Wednesday that she is looking forward to meeting McWatters.
"I don't know him. But I do know that he has very distinguished background," Matz said. "And, if he is confirmed, I will welcome him onto the board and would look forward to working with him."
Meanwhile, NAFCU president Dan Berger said he called McWatters to congratulate him.
"NAFCU commends McWatters on his selection by President Obama for the NCUA board," Berger said in a statement. "We stand ready to work with McWatters should he be confirmed. We also look forward to continuing our work with the NCUA to ensure a positive regulatory environment for credit unions."
McWatters, is currently the assistant dean for graduate programs and an adjunct professor at the Southern Methodist University Dedman School of Law. From May 2009 to December 2009, McWatters served as counsel to U.S. Representative Jeb Hensarling (R-TX), now chairman of the House Financial Services Committee.
