House and Senate Committees Put Pressure on NCUA’s Lone Board Member
As the agency currently operates with a one board member quorum, House and Senate committees are questioning the NCUA’s ability to do so and requesting information on its daily functions, reports Emily Claus.
America’s Credit Unions Calls for Succession Planning Rule to Be Rescinded
As the NCUA considers changes to the Succession Planning Rule it issued last year, America’s Credit Unions is calling for the rule to be rescinded and reproposed altogether. Meanwhile, all decisions are likely on hold until the courts rule on former board members Harper and Otsuka’s case, an decision the two are pushing to have handed down before the board reconvenes in July, reports Emily Claus.
NCUA Publishes 2025 Q1 Numbers and Quarterly U.S. Map Review
CUSO Magazine’s Esteban Camargo reports on the latest NCUA U.S. map review and quarterly data, which shows that the median credit union is seeing increased deposits with slower loan growth when compared with the year prior.
NCUA Board Chair Kyle Hauptman Requests Feedback for Strategic Plan
Following the NCUA’s unorthodox one-person board meeting in May, Chairman Kyle Hauptman has requested input from the credit union industry on the upcoming NCUA 2026-2030 Strategic Plan. CUSO Magazine’s Esteban Camargo reports on the plan and what might be expected as budget cuts loom large.
NCUA Holds First Board Meeting Since Dismissals
Operating as a one-member board, NCUA Chairman Kyle Hauptman held the organization’s first board meeting since the dismissals of fellow board members Tanya Otsuka and Todd Harper, Emily Claus reports.
Budget Reconciliation Bill Advancement is a Positive Sign for Credit Union Tax Exemption
The House Budget Committee advanced the budget reconciliation bill to the House Rules Committee, still without language affecting credit unions’ tax exempt status. Esteban Camargo reports on the vote and what comes next as credit unions watch with bated breath.
The Art of the Steal
Chip Filson shares the consequences of regulation without enforcement: unchecked mergers doling out hundreds of thousands to executives while paying credit union owners less than they’re due.
Lawsuit Filed Over NCUA Board Member Firings
Former NCUA Board Members Todd Harper and Tanya Otsuka have filed a lawsuit in response to their early dismissals from the agency by President Trump on April 15th, arguing the move violates the Federal Credit Union Act and is an overreach of executive power, Emily Claus reports.
NCUA Argues One Board Member Constitutes a Quorum
The NCUA has released its first official statement since the firings of board members Tanya Otsuka and Todd Harper, stating its belief that remaining board member Kyle Hauptman constitutes as a quorum and is able to perform all board functions on his own, Emily Claus reports.
What Trump’s Removal of NCUA Board Members Means and Actions Now Needed
Chip Filson speaks out against the recent firings of NCUA board members Tanya Otsuka and Todd Harper, and calls for credit unions to begin taking action to protect the industry and the NCUA’s status as an independent regulator.
