Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
McWatters vote for NCUA seat: An update
WASHINGTON (5/19/14)--The confirmation of J. Mark McWatters to the National Credit Union Administration board is still awaiting a final vote, and while it is widely expected that he will be confirmed, it may not be until later next month.
 
McWatters, who is currently an assistant dean at South Methodist University's School of Law, was nominated last December to replace board member Michael Fryzel, whose term ran from 2008 to Aug. 2 of last year but who is still serving on the board until his successor is seated.
 
"Senate confirmation of J. Mark McWatters for the seat held by Fryzel may be delayed a bit--but the wait is in no way related to McWatters," said Credit Union National Association President/CEO Bill Cheney in his weekly Cheney Report. "His nomination is grouped with three nominees for the Federal Reserve Board, and political maneuvering among senators over those confirmations is holding up the process."

McWatters will join NCUA Chair Debbie Matz and board member Rick Metsger on the three-person board that governs the NCUA once confirmed. Each member serves a six-year, staggered term.


RSS print
News Now LiveWire
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
1 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
1 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
2 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
3 hours ago
#NewsNow New league award honors Commitment to Cooperation http://t.co/OPt97flShn
4 hours ago