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Trump nominates Hood to NCUA Board
President Donald Trump on Monday nominated Rodney Hood to the NCUA Board. Hood previously served on the board from 2005-2010; he is being nominated to fill a six-year term that will expire in 2023. NAFCU President and CEO Dan Berger called Hood to congratulate him on the nomination.
"NAFCU is constantly engaged with the NCUA on issues critical to the credit union industry and we look forward to working with Hood, should he be confirmed, to ensure a positive regulatory environment for credit unions," Berger said. "During his previous stint on the board, Hood did work to reduce credit unions' regulatory burden; we hope to see that continue. One of our priorities is to maintain a strong, independent NCUA as the primary regulator for credit unions, and we will continue to hold robust conversations with the board to guarantee that and that industry's needs are heard."
Hood currently works at JPMorgan Chase and prior to serving on the NCUA Board was a deputy administrator of the Rural Housing Service.
The NCUA Board is comprised of three, Senate-confirmed members; two seats are currently filled. Board Member Rick Metsger's term expired last year, but he has indicated he will serve until Trump nominates his replacement.