Rodney E. Hood | |
---|---|
Chairman of the National Credit Union Administration | |
In office April 8, 2019 –January 20, 2021 | |
President | Donald Trump |
Preceded by | J. Mark McWatters |
Succeeded by | Todd Harper |
Personal details | |
Born | Charlotte,North Carolina | February 22,1967
Political party | Republican |
Education | University of North Carolina at Chapel Hill (BS) |
Rodney E. Hood was a member of the National Credit Union Administration board and was the eleventh chairman of the board from 2019 to 2021. [1] Hood was the first African-American to lead a federal banking agency.
This biographical section is written like a résumé .(July 2020) |
A native of Charlotte, North Carolina, Hood obtained a Bachelor of Science in business, communications, and political science from the University of North Carolina at Chapel Hill. [2]
Prior to his public service career, Hood worked for Bank of America as a Community Reinvestment Act officer. He later held positions at North Carolina Mutual Life Insurance Company as marketing director and group sales manager. Hood also served as national director of the Emerging Markets Group for Wells Fargo Home Mortgage and served on the board of the Wells Fargo Housing Foundation. [2]
From 2003 until 2005, Hood served as associate administrator of the Rural Housing Service at the U.S. Department of Agriculture. [2]
Hood was appointed to the NCUA Board by former President George W. Bush and served from November 2005 until August 2009. [3] He was appointed Vice Chairman and served as the NCUA's representative on the Board of Directors of NeighborWorks America. [2]
Hood next worked as a corporate responsibility manager for JPMorgan Chase, managing national partnerships with non-profit organizations, financial regulators, and community stakeholders to promote financial inclusion in underserved and ethnic minority communities. [2] [4]
Hood was nominated to the board of the National Credit Union Administration (NCUA) on January 19, 2019, by President Donald Trump. [5] [6] The U.S. Senate confirmed his appointment on March 14, 2019, and he took the oath of office on April 8, 2019. [7]
Hood was designated NCUA board chairman upon his swearing-in on April 8, 2019. He served as chairman until January 20, 2021, when President Joe Biden appointed fellow member Todd Harper to the position. As chairman, Hood served as a voting member of the Financial Stability Oversight Council. He also represented the NCUA on the Financial and Banking Information Infrastructure Committee and as Vice Chairman of the Federal Financial Institutions Examination Council. [2]
The National Credit Union Administration (NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fund, with the Share Insurance Fund, finances the agency's operations.
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