House Financial Services Chairman Jeb Hensarling (R-Texas), former NCUA Board Member Michael E. Fryzel and NCUA Board Member J. Mark McWatters are shown following the Aug. 26 oath ceremony in Dallas.

J. Mark McWatters cited regulatory relief for credit unions among his top priorities as an NCUA board member Aug. 27, just one day after taking the oath of office.

McWatters would also like to incorporate "a robust, objective, transparent and fully accountable cost-benefit analysis into NCUA's rulemaking and vetting process," according to an NCUA release.

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