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The Senate, voting 51-49, on Thursday confirmed Rep. Mick Mulvaney, R-S.C., as the next director of the White House Office of Management and Budget.

As OMB director, Mulvaney's most prominent function will be to produce the president's budget. The position also oversees agency programs, policies and procedures to ensure they comply with the president's policies; and coordinates interagency policy initiatives.

Mulvaney has been a friend of credit unions and NAFCU in efforts to ensure the NCUA is transparent in its budget process. He helped push for public NCUA budget hearings – a past practice that NAFCU wanted restored – by introducing the "National Credit Union Administration Budget Transparency Act," H.R. 2287, to require NCUA to hold yearly budget hearings and release its draft budgets for comment.

H.R. 2287 cleared the House Financial Services Committee last December. NCUA held a pubic briefing on its 2017-2018 budget plans in October.

Mulvaney also spoke during NAFCU's June member call-in and Congressional Caucus in September.