April 8, 2019

CONTACT: Shelton Roulhac, NASCUS Communications; sroulhac@nascus.org

NASCUS welcomes newly-designated NCUA Chairman Hood.

Arlington, Va. – President Donald J. Trump has designated Rodney E. Hood as the eleventh Chairman of the National Credit Union Administration Board.

Today, as his last official action as Chairman of the Board, J. Mark McWatters administered the oath of office to Mr. Hood, at the NCUA headquarters.

“NASCUS welcomes Rodney Hood as Chairman of the NCUA Board and we are pleased that Chairman Hood noted he will address capital reform, cybersecurity and the strengthening the federal credit union charter,” said NASCUS President and CEO Lucy Ito. “We have long held that it is critical that a supplemental capital rule be in place ahead of the next financial crisis to help protect the National Credit Union Share Insurance Fund from losses. In recent years, states have taken the lead on cybersecurity and charter modernization and NASCUS, as the voice of the state credit union system, looks forward to sharing state experience on regulatory and supervisory innovation to protect credit unions from cyber threats and enhance the federal charter to promote credit union growth and stability.”

“NASCUS appreciates the collaborative working relationship we have enjoyed with former chairman Mark McWatters and look forward to continuing a productive partnership with NCUA under Chairman Hood’s leadership.” 

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.