Trump removes ‘acting’ from McWatters’ title at NCUA

June 27, 2017 – President Donald Trump made J. Mark McWatters the 10th chairman of the NCUA Board today, removing the “acting” tag from the title borne by the NCUA leader since January.

“I thank President Trump for this honor and the trust he has placed in me,” McWatters said in a statement. “As Chairman of the NCUA, I remain committed to providing regulatory relief for the credit union community, in compliance with the Federal Credit Union Act, and to streamlining the operations of NCUA as a prudential regulator.”

McWatters was nominated to the NCUA Board by then-President Barack Obama in January 2014. Following Senate confirmation, he took office as an NCUA Board Member on Aug. 26 of that year. He has served as Acting Board Chairman since Jan. 23.

NCUA Press release: McWatters named chairman of NCUA