As President-elect Donald Trump prepares for his new administration by selecting and nominating candidates for various high-level government jobs, one post has received little public attention, despite impacting the financial lives of more than one-third of all Americans: the chairmanship of the National Credit Union Administration
The current NCUA Chairman, Rick Metsger, is a Democrat, and when his term expires in August, Trump is expected to nominate another Republican in his place, giving the GOP a 2-1 advantage on the panel. Board Member J. Mark McWatters is also a Republican, but the board is required to have no more than two members from the same political party. Trump will also have to fill in a vacancy on the agency's three-member board, made possible by the resignation last April of former chairman, Debbie Matz, another Democrat.