NCUA Board Chairman Debbie Matz's departure is nearing while Congress bickers over NCUA BoardMember J. Mark McWatters’ nomination to the Export-Import Bank board. As a result, howthe NCUA board it will operate in a post-Matz era is unknown.
Currently, the Ex-Im Bank is operating under constraints,because it only has two board members. The five-seat board cannotapprove transactions totaling more than $10 million without aquorum.
Should Congress move on McWatters’ nomination to the Ex-Im Bankboard, it would leave the NCUA with a single Democrat running itsboard: Vice Chairman Rick Metsger.
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