Otsuka sworn in as 25th NCUA Board Member
ALEXANDRIA, VA (January 9, 2024) — The Honorable Tanya Otsuka became the 25th Board Member of the National Credit Union Administration following a private swearing-in ceremony held at the agency’s Alexandria, Virginia, headquarters today.
NCUA Chairman Todd M. Harper delivered the oath of office.
“As a career public servant, it was the honor of a lifetime to be nominated by President Biden and confirmed by the U.S. Senate for this important role,” said Board Member Otsuka following her swearing-in. “I look forward to serving with Chairman Harper and Vice Chairman Hauptman to ensure a fair, competitive, and resilient credit union system and am committed to the millions of credit union members who rely on the NCUA to safeguard their hard-earned money.”
President Joseph R. Biden announced the nomination of Otsuka on September 21, 2023. The U.S. Senate Banking, Housing, and Urban Affairs Committee held its confirmation hearing on October 19, and the Senate approved her nomination by a voice vote on December 20. Otsuka’s term on the NCUA Board will run through August 2, 2029.
Prior to serving on the NCUA Board, Otsuka served on Chairman Sherrod Brown’s staff of the Senate Banking, Housing, and Urban Affairs Committee, managing a wide range of financial services issues, including credit union policy and oversight.
Previously, she served as an attorney at the Federal Deposit Insurance Corporation (FDIC), gaining experience in supervision, enforcement, resolution, assessments, and deposit insurance. Additionally, she worked on FDIC policy actions related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
Board Member Otsuka earned her J.D. from Boston College Law School and B.A. with distinction from the University of Virginia.
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.