April 08, 2019

Hood named NCUA Board chair

Rodney Hood was named chairman of the NCUA Board today as he was sworn into office. He replaces J. Mark McWatters, who will remain on the board; McWatters' term is set to expire in August. NAFCU President and CEO Dan Berger offered his congratulations to Hood and thanked McWatters for his leadership over the past two years.

"NAFCU congratulates Rodney Hood on being named NCUA Board chairman, and we look forward to working with him as he leads the agency," said Berger. "With his previous experience serving on the NCUA Board and industry knowledge, Mr. Hood will be an asset to the agency as it tackles some of credit unions' most pressing problems.

"We also appreciate Mark McWatters' efforts as chairman to bring about regulatory relief for the industry and transparency at the NCUA. We are confident the new NCUA Board will be a strong regulator for credit unions."

Hood previously served on the board from 2005-2010 and fills a six-year term that will expire in 2023. His seat replaces Board Member Rick Metsger, whose term expired in August 2017 but had indicated he would serve until his replacement had been confirmed.