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NCUA Chairman Harper, Berger discuss agency priorities during NAFCU s State of the Industry

NCUA Board Chairman Todd Harper offered an overview of the current priorities at the agency before joining NAFCU President and CEO Dan Berger for a one-on-one chat during NAFCU’s State of the Industry virtual event yesterday. “Although the clouds of the COVID-19 pandemic appear to be lifting, the economic fallout continues to pose many challenges for our country and the credit union system,” said Harper during his opening remarks. “Despite these challenges, however, credit unions have pressed forward doing their part to support their members and the communities they serve as financial first responders.” Harper noted that credit unions, like other financial institutions, have seen growth in deposits and assets and a substantial amount of loans remain in forbearance status.

Readout: US Financial Stability Oversight Council Meeting On June 11, 2021

<p><span>U.S. Treasury Secretary Janet L. Yellen today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference.</span></p>

The NCUA board s emerging redesign

The NCUA board’s emerging redesign NCUA headquarters Since Todd Harper moved from a minority board member to chair in February, board members have become more vital in overseeing agency activities.  Their increasing dialogue and comments at public meetings, if followed through, could be a harbinger of greater NCUA accountability to the credit union system. In theory, the board should be the true point of connection with, and representative of, the best interests of credit unions and their members.  In practice, chairman of different backgrounds, parties and ambitions have acted as the sole leader for the agency.  Some have openly stated and/or acted as though credit unions have no role in the agency’s spending, its problem solving, or its management priorities.

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