June 19, 2014 – For immediate release

NASCUS Congratulates McWatters on Senate Confirmation

Tax attorney Mark McWatters, the assistant dean for graduate programs, an adjunct professor at the Southern Methodist University Dedman School of Law, was confirmed by the Senate today to serve on the three-person NCUA Board.

“NASCUS congratulates Mr. McWatters on his confirmation,” said NASCUS President and CEO Mary Martha Fortney. “Having served on the TARP Congressional Oversight Panel and advocating to ease the regulatory burden on financial institutions, he has an understanding of policy, regulation, and the complicated nuances of balancing public policy. He will be an excellent addition to the NCUA Board.

“There are critical matters facing the credit union system and state and federal regulator continuing dialogue will be crucial and necessary.  We look forward to working with Board member McWatters on these matters of concern and interest to the state credit union system," Fortney added.

McWatters, a past member of the Troubled Asset Relief Program (TARP) Congressional Oversight Panel in Washington from 2009 to 2011, and former counsel to Rep. Jeb Hensarling (R-Texas), now chairman of the House Financial Services Committee, was nominated to the board Dec. 17, 2013, by President Barack Obama. He replaces Republican Michael Fryzel, whose term officially expired Aug. 2, 2013. Fryzel has been serving on the NCUA Board since July 2008.

Information Contact:
Elizabeth Kirkland, Director of Communications and Marketing, or (703) 528-5974

The NASCUS mission is to enhance state credit union supervision and advocate a safe and sound state credit union system.