McWatters to Stay on NCUA Board Until Replacement Is Confirmed
With Congress distracted by the turmoil over impeachment, they do not expect someone to be nominated anytime soon.
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.
“My public service at the NCUA has been the greatest privilege of my professional life, and I will count it as an honor to remain on the NCUA Board to offer my service until my successor is confirmed by the United States Senate and takes the oath of office,” McWatters said Thursday.
Sources in the credit union community said that considering the turmoil in Washington over impeachment and the general gridlock facing Congress, they do not expect someone to be nominated anytime soon.