President Donald J. Trump designated Acting National Credit Union Administration BoardChairman J. Mark McWatters as the tenth Chairman of the NCUA Board,effective June 23.
|“I thank President Trump for this honor and the trust he hasplaced in me,” McWatters said in a statement on Tuesday. “AsChairman of the NCUA, I remain committed to providing regulatoryrelief for the credit union community, in compliance with theFederal Credit Union Act, and to streamlining the operations ofNCUA as a prudential regulator.”
|According to a statement from the NCUA, McWatters was nominatedto the NCUA Board by then-President Barack Obama on Jan. 7, 2014.Following Senate confirmation, he took office as an NCUA BoardMember on Aug. 26, 2014. McWatters has served as Acting BoardChairman since Jan. 23.
|“I am very pleased that Mr. McWatters has officially beendesignated as the Chairman of the NCUA by the President,” BoardMember Rick Metsger said in a printed statement. “This recognizeshis hard work and dedication to the mission of the agency and Ilook forward to our continued work together to provide access andfinancial safety to the over 100 million Americans who are part ofthe nation's credit union system.”
|Prior to joining NCUA's Board, McWatters served as AssistantDean for Graduate Programs and as a Professor of Practice at theSouthern Methodist University Dedman School of Law and as AdjunctProfessor at the university's Cox School of Business. He alsoserved on the Governing Board of the Texas Department of Housingand Community Affairs and on the Advisory Committee of the TexasEmerging Technology Fund.
|McWatters served as a member of the Troubled Asset ReliefProgram Congressional Oversight Panel and as counsel to Rep. JebHensarling (R-Texas). He also practiced law as a partner in threelarge cross-border law firms and as counsel to an internationalhedge and private equity firm, where he specialized in taxation,corporate finance, and mergers and acquisitions. He began hiscareer as a judicial clerk to the Hon. Walter Ely of the Ninth U.S.Circuit Court of Appeals.
|According to the NCUA, McWatters is licensed to practice law inTexas and New York and as a Certified Public Accountant in Texas.He holds a J.D. degree from the University of Texas at AustinSchool of Law and an LL.M degree from each of Columbia UniversitySchool of Law and New York University School of Law.
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Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
