ALEXANDRIA, Va. (Dec. 18, 2013) – National Credit Union Administration Board Chairman Debbie Matz and Board Members Michael E. Fryzel and Rick Metsger issued statements welcoming President Obama’s intent to nominate J. Mark McWatters to the NCUA Board:
“It’s a great honor to serve on the NCUA Board, and I congratulate Mr. McWatters on his appointment,” Matz said. “He has an impressive background. I look forward to meeting him and, should he be confirmed, working with him to protect the safety and soundness of America’s federally insured credit unions and their 96 million members.”
“Mark McWatters will bring an outstanding background and a wealth of knowledge to the NCUA Board,” Fryzel said. “His familiarity with the federal government process along with his legal and financial expertise will enable him to be an effective regulator of the credit union industry. I wish him well as he proceeds through his nomination and confirmation process.”
“Congratulations to Mr. McWatters on his nomination to serve on the NCUA Board,” Metsger said. “Protecting credit unions and their members is an important responsibility, and the credit union system is facing a future that holds both risk and opportunity. I wish him success through his nomination process.”
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..