NCUA Nominee Making Capitol Hill Rounds

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NCUA Board nominee Rodney Hood is making the rounds of Capitol Hill, as well as the credit union regulator's Alexandria, Va. headquarters in an effort to prepare for upcoming confirmation hearings before the Senate Banking Committee.

Hood has met with Banking Committee Chairman Richard Shelby of Alabama and staff of several other committee members, all of whom have expressed optimism on his candidacy, according to sources familiar with the process.

The NCUA nominee, currently a top executive at the Department of Agriculture, has also met with the two sitting NCUA Board members, JoAnn Johnson and Deborah Matz, and top NCUA staff, in preparation for the confirmaion process. Individuals who have met with Hood, a former community reinvestment officer at two banks, say he is knowledgable about both credit unions and the community development markets.

No date has set yet for a hearing before the banking panel, a preliminary step to a vote by the full Senate, but Shelby indicated he would like to move the nomination quickly.

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