Changes in the NCUA have the potential to impact credit unions as a first full board is in place since 2016. CUNA President/CEO Jim Nussle, Chief Advocacy Officer Ryan Donovan, Deputy Chief Advocacy Officer Elizabeth Eurgubian and Senior Director of Advocacy and Counsel Mitria Wilson met with new NCUA board member Todd Harper on April 24 to welcome him to the board and discuss credit union priorities.
CUNA wrote a letter to Harper after he was sworn in, expressing hope that NCUA will:
- Undertake a proactive and collaborate strategy to ensure credit unions are prepared for the current expected credit loss (CECL) standard.
- Commit to returning the normal operating level to 1.3 percent, down from the current 1.38 percent; and
- Perform additional analysis on NCUA’s risk-based capital rule.
Harper was nominated by President Donald Trump in January and was confirmed in March, along with NCUA Chairman Rodney Hood. Harper has previous experience working for NCUA. From 2011 to 2017, he led the Office of Public and Congressional Affairs and served as the chief policy advisor to the then-board chairman.