In light of today’s news that NCUA Board Members Todd Harper and Tanya Otsuka were removed from the agency, I know there are a lot of questions swirling. We are doing everything we can to get answers—since news broke this morning we have been in contact with Administration officials, the NCUA, lawmakers, and others to get some insights and clarity.
While those conversations are ongoing and we don’t have direct answers for you yet, we are sharing an FAQ resource with you. It includes additional insights about what this could mean for the agency and credit unions, what is in statute, and legal precedent to consider. We are planning a member webinar to provide the latest updates and hear directly from you—watch for more details coming soon.
America’s Credit Unions, leagues, our advocacy partners and our member credit unions recognize the challenges of this uncertainty, and that we must remain closely coordinated through regular communication and meetings, all standing diligent in our commitment to advocating for our industry.
Please rest assured that we are doing all we can to get you as much information as possible as soon as possible. We will provide you with timely updates as we have them. Should you have any questions in the meantime, or would like to share your perspective, please don’t hesitate to reach out to me or our Chief Advocacy Officer Carrie Hunt.
Author:
Jim Nussle
President/CEO
America’s Credit Unions
