Office of the Chairman

Statement of NCUA Chairman JoAnn Johnson Regarding The President’s Intention To Nominate Rodney E. Hood To NCUA Board

WASHINGTON, APRIL 29, 2005 – President George W. Bush announced today that he intends to nominate Rodney E. Hood of North Carolina to serve as a Member of the National Credit Union Administration (NCUA) Board. Mr. Hood currently serves in the President’s Administration as Associate Administrator for Rural Housing Service at the United States Department of Agriculture. The Rural Housing Service is the largest direct lender of loans in the Federal Government.

“The President has made an outstanding selection in Rodney Hood for the NCUA Board. Rodney has a vast array of experience in financial services and affordable housing which will be an asset to the NCUA and America’s credit unions. Rodney understands the issues facing the nation’s credit unions and the need for access to affordable financial services in communities across the country. I welcome the President’s announcement and look forward to working with Rodney in the days ahead.”

-NCUA Chairman JoAnn Johnson