Although his term expired in August NCUA board member J. Mark McWatters said Friday he will remain on the board until a new member is nominated and confirmed.
McWatters is one of two Republicans on the NCUA board; the other GOP member is Chairman Rodney Hood. Two of the three board members may belong to the president's political party.
Even after a board member's term has expired, the member may continue to serve until he is replaced. That was the case with Democrat Rick Metsger, who stayed on the board until Hood and Democrat Todd Harper were confirmed.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
