The NCUA Board The NCUA Board (Source: NCUA)

While the rest of the NCUA has remained tight-lipped about a Trump Administration memo that exerts control over the agency, new NCUA board member Todd Harper on Thursday made it clear he believes the administration overstepped its powers.

“The Congress deliberately established the NCUA as a bipartisan, independent agency, and gave the board members six-year terms in order to insulate the agency’s decision-making process from transitory political winds,” the Democrat said, in his first remarks as a board member. “That decision by the Congress has served our nation, and the credit union community, well in both good economic times, and bad, and will continue to do so in the future.”

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David Baumann


Credit Union Times

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