WASHINGTON–NCUA Chairman Rodney Hood was given a ceremonial swearing in by Vice President Mike Pence at the Eisenhower Executive Office building here. Hood has officially been serving as chair since April 8.
“I did not set out to dedicate my work life to financial services,” Hood said. “My first choice of a career, stemming from my time spent working as a church missionary in Africa, was to enter the ministry. As it turned out, life had other plans for me. But that urge to service I felt as a young man did point the way to my future path. Once I embarked on my banking career, I always saw our primary mission in simple terms: people helping people.
“Credit unions arose and grew not out of government fiat,” Hood continued. “Instead, they grew from a grassroots movement of people who were forgotten and were being left behind. At every step, it was about the promise of people helping people. It was the promise of people working together to use their assets to invest in their communities.”
‘Helping Others Achieve Dreams’
In a statement, Pence said, “Rodney Hood has been a leader in the financial industry for 25 years. He’s dedicated his career to helping others achieve their dreams. And now, he’s stepped up to serve our country in an even bigger way by protecting consumers from harm and ensuring integrity, accountability, and transparency throughout the financial industry. President Trump promised to fight for the prosperity of all Americans, and I am confident that Rodney will help us succeed in this great task.”
The full text of his remarks can be found here.