ALEXANDRIA, Va. (June 18, 2018) – National Credit Union Administration Board Chairman J. Mark McWatters today issued the following comment on President Donald J. Trump’s announced intention to nominate Rodney Hood to the agency’s Board:
“I extend my sincerest congratulations to Mr. Hood on President Trump’s intent to nominate him to the National Credit Union Administration Board,” McWatters said. “Mr. Hood will bring a wealth of financial industry and community development knowledge to the position. His familiarity with the federal government process, the NCUA, the credit union community, as well as his financial institutions expertise will enable him to serve as an effective credit union industry regulator. I wish him well as he proceeds through the 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 United States, NCUA operates and manages the National Credit Union Share
Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.