April 29, 2014 – Mark McWatters’ nomination to the NCUA Board was approved by the Senate Banking Committee by a voice vote today and is headed next to the full Senate, which could vote to confirm him at any time.Three Federal Reserve Board nominees were also approved by the committee today, as well as two nominees for the Department of Housing and Urban Development:
McWatters was nominated to the NCUA Board for a term that continues through Aug. 2, 2019. He would succeed Michael Fryzel. Fryzel’s term expired in August 2013. Fryzel plans to continue on the board until his successor is confirmed.