President Joe Biden has named Todd Harper as NCUA Board chair. Harper, the board’s only Democrat, has served as a board member since April 2019.
“NAFCU congratulates Todd Harper on being named NCUA Board chairman,” said NAFCU President and CEO Dan Berger. “Over the years, NAFCU has enjoyed a strong relationship with Chairman Harper. We look forward to working with him as he leads the agency to address challenges facing the credit union industry. NAFCU will continue to advocate for an appropriate regulatory environment that allows credit unions to successfully serve their 123 million members.”
One of NAFCU’s priorities is for the NCUA to be the credit union industry’s sole regulator and the association works diligently to foster strong relationships and collaboration with the NCUA Board. Since Harper joined the board, NAFCU has consistently met with him to discuss his priorities for the agency and challenges facing the credit union industry.
In October, Berger and Harper discussed the status of the National Credit Union Share Insurance Fund (NCUSIF), field of membership (FOM), credit unions’ capitalization of interest, and more. Harper also addressed credit unions at NAFCU’s Virtual Congressional Caucus in September and heard directly from NAFCU Chief Economist and Vice President of Research Curt Long during the NCUA’s 2021-2022 budget briefing.
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