WASHINGTON (12/26/13)--Credit Union National Association President/CEO Bill Cheney last week congratulated Mark McWatters, who has been selected by President Obama to serve on the National Credit Union Administration Board, pending confirmation by the U.S. Senate.
"We are pleased that an individual of your caliber and extensive background has been chosen for the NCUA board. A number of important issues for credit unions are pending at the agency, and we look forward to working with you, once you are confirmed, as you address these matters with the other NCUA board members," Cheney wrote.
Obama announced his intent to nominate McWatters in mid-December. McWatters' nomination is subject to a nomination hearing by the U.S. Senate Banking Committee and a confirmation vote by the Senate.
If confirmed, McWatters would replace board member Michael Fryzel, whose term ended Aug. 2 this year, but he is allowed to continue serving until another Board member is confirmed. (See Dec. 20 News Now story: Obama to Nominate McWatters for NCUA Board.)