Just yesterday, President Trump finally nominated a new head of the NCUA Board, John Crews. Crews currently serves as Treasury Deputy Assistant Secretary for Financial Institutions Policy and would replace the current Board Chairman, Kyle Hauptman, who has served as the Chairman of the NCUA Board since his appointment in 2025 and as a board member since 2020.

Following the firings of fellow board members Tanya Otsuka and Todd Harper last April, Hauptman has served as the NCUA’s only board member for over a year now and well past his term’s set expiration date, which was in August of 2025. In February, Hauptman was appointed to the SEC accounting oversight board, but made it clear he would remain at the NCUA until a successor was named.

Though Crews’ nomination has been announced, he still needs to undergo Senate confirmation before he can officially take on the role, so there may be some time before the transition begins. If confirmed, Crews would serve on the NCUA Board until August of 2031. Like Hauptman, Crews would be the only member of the NCUA board until Harper and Otsuka’s case is finalized.

Scott Simpson, President and CEO of America’s Credit Unions, released a statement this morning congratulating Crews on his nomination, stating, “Crews understands the important role mission-driven lenders like credit unions play in helping families and small businesses get ahead.”

“His experience at the Treasury Department reflects a thoughtful approach to innovation, safety, and expanding access to affordable financial services,” said Scott. “We look forward to working with him in this capacity to ensure credit unions have a modern regulatory framework that supports their ability to serve more than 146 million Americans who rely on them as trusted financial partners in uncertain times.”

Prior to his work at the Treasury, Crews served on the Senate Banking Committee, was part of the National Economic Council during Trump’s first term, and worked as policy advisor to House Majority Leader Steve Scalise.