The White House announced late last week that President Joe Biden intends to nominate Todd Harper, NCUA chairman, to a full term on the NCUA board. Harper’s term expired in April and he has currently been serving in a holdover capacity.
“If confirmed, I will continue to make credit union members, NCUA employees and the strength of the credit union system my highest priorities,” Harper told NCUA staff in an internal email, according to CUTODAY. “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.”
Harper joined the three-person NCUA board in April 2019 and is the first NCUA staffer to become a board member and chairman. The only Democrat on the board, Harper was named chairman following Biden’s inauguration as president.
Harper replaced Republican Rodney Hood as chairman, whose board term runs until 2023 and who also served on the NCUA board from 2005-2010. Also a Republican, Kyle Hauptman’s term runs through Aug. 2, 2025.