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McWatters NCUA nomination approved by Senate Banking Committe

The nomination of J. Mark McWatters to become a member of the National Credit Union Administration board was cleared Tuesday and will go to the full U.S. Senate for final confirmation.

McWatters was nominated in December to fill Republican Michael Fryzel's spot on the NCUA board. Fryzel has been serving since July 2008 and his term has expired.

During his March nomination hearing before the Senate Banking Committee--the panel that just voted to clear his name for Senate floor action--McWatters said he intends to work with NCUA board members, agency staff and external stakeholders "in an open and respectful manner, with the goal of finding a common ground and working cooperatively through any differences."

If fully confirmed by the Senate, as expected, McWatters will join NCUA Chair Debbie Matz and board member Rick Metsger to fill out the three-member board.

For the complete story visit CUNA News Now.