WASHINGTON–The White said it will nominate NCUA Chairman Todd Harper to a full term on the board. Harper’s term expired in April and he has been serving in a holdover capacity.
Harper, the lone Democratic representative on the three-person panel, joined the board in early 2019 and was elevated to chairman earlier this year with the election of Joe Biden as president. Harper had previously served as director of Public and Congressional Affairs at NCUA and as chief policy advisor to the chairman from 2011 to 2017.
He replaced as chairman Rodney Hood, whose term runs until 2023 and who previously served on the NCUA board from 2005-2010.
The newest member of the NCUA board, Kyle Hauptman, has a term that is to run through Aug. 2, 2025. An NCUA board seat is supposed to be a six-year term, but other factors can affect the length of that actual service.
Honor of Career
“In January, when the president of the United States designated me as the twelfth Chairman of the National Credit Union Administration, I said it was the greatest honor of my career,” said Harper in an internal email to NCUA staff. “Today, the White House has announced its intent to nominate me to serve a full term as an NCUA Board Member. I am now even more humbled by the continued trust and faith the President has placed in me.
“If confirmed, I will continue to make credit union members, NCUA employees, and the strength of the credit union system my highest priorities. Thank you also for your service to our nation in support of 125.7 million credit union members at more than 5,000 federally insured credit unions with nearly $2 trillion in assets.
“I look forward to continuing to work alongside you to make our system of cooperative credit the strongest in the world—through robust consumer financial protection, fair and affordable products and services, and safety and soundness,” said Harper.