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Samantha: NCUA Releases Staff
Message on the Current NCUA Board

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ALEXANDRIA, Va.

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(April 18, 2025) – The National Credit
Union Administration released today the

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following message to all employees on
the current state of the N C U A Board:

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“On April 17, the N C U A received
confirmation that President Donald J.

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Trump terminated the positions
of Todd Harper and Tanya Otsuka.

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Please be aware that Todd,
Tanya, and their staff are no

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longer employed with the agency.

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We thank them for their service.

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“The departure of two of our three N C
U A Board Members has led to speculation

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within the credit union industry and
trade press about the N C U A Board’s

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ability to exercise authority with the
presence of only a single Board Member.

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Please be assured that the N C U A
has precedent and standing delegations

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of authority in place to continue
performing all operational and

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statutory requirements under the
authority of a single Board Member.

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“During the Bush Administration
(2001–2002), Chairman Dennis Dollar

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acted as a sole Board Member.

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He held a Board meeting, voted,
and took several actions, both

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administrative and operational.

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Chairman Dollar recently stated in an This
is an external link to a website belonging

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to another federal agency, private
organization, or commercial  in CU Today,

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“The records are in place at N C U A from
2002 that clearly establish the precedent

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that the Chairman can act as the Board.”

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“It is the N C U A’s long-held view that
a single Board Member constitutes a quorum

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when there are no other Board Members.

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Chairman Hauptman and N C U A’s
leadership are equipped with the required

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authorities to continue implementing the
Administration’s priorities and fulfilling

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our mission of protecting the system of
cooperative credit and its member-owners

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through effective chartering,
supervision, regulation, and insurance.

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“Together, we will ensure America’s
credit unions are safe and sound,

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address any unnecessary regulatory
barriers to their prosperity, and

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provide excellent service to the public.”