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McWatters Appointed as Acting NCUA Chairman
Friday, January 27, 2017 6:55 AM

Cornerstone leadership is thrilled with President Donald Trump’s appointment this week of J. Mark McWatters as acting NCUA chairman. McWatters, a Republican, replaces Rick Metsger, a Democrat who remains on the board.

“Mark McWatters has proven he is a bright and thoughtful regulator,” explains Cornerstone President/CEO Dick Ensweiler. “He is the type of conscientious leader who will serve the credit union community and the agency well."

Cornerstone SVP Regulatory and Compliance Counsel Suzanne Yashewski echoes Ensweiler’s enthusiasm. “We are looking forward to working with Acting Chairman McWatters on future regulatory relief efforts,” she said.

CUNA President/CEO Jim Nussle offered his congratulations on the appointment. “We look forward to working with Chairman McWatters on his agenda of improving the efficiency of the agency and increasing flexibility for well-managed credit unions while maintaining principles of safety and soundness, and we thank the President for prioritizing this appointment," Nussle said. "We further welcome a continuation of the collegial and professional approach taken by him and Mr. Metsger over the past year that has resulted in significant positive changes at the agency.”

McWatters has a strong relationship with the Cornerstone region, having visited league offices most recently on Jan. 4. Prior to joining the NCUA Board, McWatters was an assistant dean for graduate programs and a professor of practice at the Southern Methodist University Dedman School of Law, and he was an adjunct professor at the SMU Cox School of Business. He also served on the governing board of the Texas Department of Housing and Community Affairs and the advisory committee of the Texas Emerging Technology Fund.

As an NCUA board member, McWatters' core themes have been transparency, regulatory flexibility, spending control by the agency, and the need for a more objective examination appeal process. The NCUA Board is still one member short of its full three-member contingent.