Posted On: Jun 24, 2014
The full Senate has confirmed Mark McWatters, nominated by President Obama in January, as a member of the three-person NCUA Board. McWatters will succeed Michael Fryzel, and his term will expire August 2, 2019. Members of the NCUA are appointed by the U.S. president and confirmed by the Senate. No more than two board members can be from the same political party, and each member serves a staggered six-year term.
McWatters previously served as a member of the Troubled Asset Relief Program (TARP) Congressional Oversight Panel. Prior to that, he practiced for more than 25 years as a domestic and cross-border tax, corporate finance and mergers and acquisitions attorney.
CUNA Interim CEO Bill Hampel said that McWatters’ “extensive experience in business, the private practice of law, teaching, congressional staff work, and other endeavors will help him bring a unique perspective to the issues.”