NCUA’s Harper discusses share insurance fund, rising risks, supervisory priorities, and succession planning at Volunteer Leadership Institute

ALEXANDRIA, VA (January 24, 2024) — National Credit Union Administration Chairman Todd M. Harper spoke at the Volunteer Leadership Institute today during a regulatory update session. During his remarks, Chairman Harper discussed the legislative need to provide the NCUA Board with the ability to establish a higher normal operating level for the Share Insurance Fund. He also pointed out the rising risks within the credit union system and expressed concern over the rapid rise in total assets for composite CAMELS code 3 billion-dollar-plus credit unions.

The Chairman also spoke about the NCUA’s supervisory priorities, saying that consumer financial protection will remain a top priority and the number of fair lending examinations will increase to ensure policies and practices are fair and not discriminatory.

Chairman Harper stressed the need for active leadership for the system of cooperative credit “to navigate the choppy waters and reach its full potential,” and urged credit unions to make succession planning part of their annual strategic discussions.

In closing, Chairman Harper said, “As we approach the 90-year birthday of the Federal Credit Union Act, it’s an appropriate point to consider where we’ve been, where we are now, and where we’re headed. Through legislative requests, rulemakings, stakeholder engagement, and the evolution of examination programs, the NCUA is planning for the future. Credit union leaders like you must also do the same.”

Chairman Harper’s full remarks are available on

About National Credit Union Administration (NCUA)

The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.


Ben Hardaway


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