Todd Harper was ceremoniously sworn in as NCUA chairman on Monday, following the U.S. Senate’s confirmation of Harper to serve a full, six-year term on the agency’s board through April of 2027.
“Three years ago — when I first joined the NCUA board — few, if any, of us could have imagined the lengthy pandemic and unprecedented economic challenges that we, as an agency and society, would face,” Harper said at Tuesday’s investiture ceremony. “Nevertheless, we responded deliberately, pragmatically, and carefully. Together, our work — as a board and as an agency — has strengthened the credit union system’s resilience. We have also prepared for future economic dislocations.”
Harper was first nominated to fill a vacant seat on the NCUA board in February 2019. The Senate confirmed him in March 2019, and he was sworn in as a member of the board in April 2019. President Joe Biden, Jr., designated him as the NCUA’s 12th chairman in January 2021.
In December, 2021, Assistant Attorney General Christopher Schroeder wrote a memo to the White House Legal Counsel stating that the Department of Justice believed Harper could be nominated for a full term, concluding that Harper’s first appointment as a member of the board was to an “unexpired term” and he therefore is eligible for reappointment, CU Collaborate reported.
Chairman Todd Harper takes the oath of office at a ceremonial swearing-in July 11 administered by FHFA Director Sandra L. Thompson at the NCUA headquarters in Alexandria, Va. Photo credit: NCUA
