Obama names McWatters to Ex-Im Bank board

Jan. 12, 2016 UPDATED -- President Obama Monday nominated NCUA Board Member J. Mark McWatters to the board of the Export-Import Bank of the United States.

In a statement dated today, McWatters stated he intends to remain fully engaged on matters coming before the NCUA Board during the confirmation process to the seat on the Ex-Im Bank Board.

That engagement may continue for a while: In comments to the Morning Consult (a Washington electronic newsletter), Senate Banking Committee Chairman Richard Shelby (R-Ala.) indicated he is in "no hurry" to hold nomination hearings. The Banking Committee has jurisdiction for confirmations of both Ex-Im Bank and NCUA nominees.

McWatters was appointed to the NCUA Board in August 2014. Before that, he served as the Director of Graduate Programs and as an adjunct professor at the Southern Methodist University (SMU) Dedman School of Law from 2011 to 2014.  Mr. McWatters was also an adjunct professor at SMU’s Cox School of Business from 2009 to 2014.

NASCUS President and CEO Lucy Ito, in a statement, said McWatters has expended considerable effort to bring greater transparency and accountability to the NCUA Board and to the agency generally during his tenure, which NASCUS applauds. She noted, further, that he worked to facilitate equitable acknowledgement of the needs of both federal and state charters, demonstrating recognition of the importance of the dual chartering system, and that NASCUS thanks him for his service.

NASCUS President/CEO Lucy Ito on nomination

McWatters statement on being named to Ex-Im Bank board

Comments by Senate Banking Committee Chairman Shelby in Morning Consult