President Donald Trump has designated Rodney Hood as the 11th chairman of the NCUA board. Today, as his last official action as Chairman of the board, J. Mark McWatters administered the oath of office to Hood, at NCUA’s headquarters.

As previously reported, Trump nominated Hood, a Republican, for a seat on the NCUA board back in June 2018, and he was confirmed by the U.S. Senate along with Democrat Todd Harper last month. It was not known, however, that Hood would serve as chairman.

“It is an honor to have been nominated by President Trump, confirmed by the U.S. Senate, and sworn in by Chairman McWatters to serve as the eleventh NCUA chairman,” Hood said. “I look forward to leading the agency and focusing on the safety and soundness of America’s credit unions as they operate in today’s ever-changing marketplace.”

Hood previously served on NCUA’s board as both a member and vice chairman, and the New York Credit Union Association maintained a strong working relationship with him during that time.

“On behalf of the New York credit union movement, I congratulate Rodney Hood on his appointment as NCUA board chairman,” said Association President/CEO William J. Mellin. “Rodney Hood was an approachable and knowledgeable regulator during his previous tenure on the board. I look forward to building on our strong relationship as the Association continues our efforts to improve the regulatory environment for New York’s credit unions.”

Hood’s term will expire on Aug. 2, 2023.