WASHINGTON–President Trump has again nominated Todd Harper to serve on the NCUA board.
If approved by the Senate, Harper would represent the Democratic seat on the board and would fill the vacancy created when former Chairman Debbie Matz retired in April 2016. His term would expire in April 2021.
Harper is well known to many in credit unions, having served as director of Public and Congressional Affairs and as chief policy advisor to the chairman from 2011 to 2017. Prior to working at NCUA, Harper for 14 years served as a senior aide to Rep. Paul Kanjorski (D-PA), one of the co-champions of the Credit Union Membership Access Act of 1998.
President Trump had earlier nominated Rodney Hood, who previously served on the board under President George W. Bush, to fill the seat currently occupied by board member Rick Metsger, whose term expired in August 2017. Hood was also nominated in the last Congress, but did not receive a confirmation hearing.
Hood would be the Republican nominee and will likely be paired with Harper as part of the nomination process in the Senate.
The term of board Chair J. Mark McWatters is scheduled to expire in August 2019, meaning President Trump will have the opportunity to appoint all three NCUA board seats.
Following Harper’s nomination, a number of NCUA and trade association leaders issued statements, including:
- J. Mark McWatters, NCUA Chairman: “I extend my sincerest congratulations to Todd Harper on President Trump’s intent to nominate him to the National Credit Union Administration board. With nearly 25 years of public service in the areas of financial services regulation and policy, Todd brings a wealth of experience and knowledge that will serve him well as a member of the NCUA board and as a regulator. I look forward to having a collaborative and productive working relationship with him, as we work together to maintain the safety and soundness of the federally insured credit union system. I wish him success as he proceeds through the nomination and confirmation process.”
- NCUA Board Member Rick Metsger: “Todd Harper combines an in-depth knowledge of credit union issues with a long track record on both Capitol Hill and at the NCUA of working across the aisle to protect the safety and soundness of the credit union system. His leadership in the Congress and at the agency on legislation like the Credit Union Regulatory Improvements Act has, and will continue to, benefit credit union members across the nation.”
- CUNA President Jim Nussle: “The CUNA/league system heartily congratulates Todd Harper on his nomination to the NCUA board, and credit unions look forward to working with a full, three-person NCUA board should this nomination go through. He is a familiar face to not-for-profit cooperatives, which is a very positive development. CUNA looks forward to engaging further when possible to help NCUA continue its work providing examination and other regulatory relief to credit unions.”
- NAFCU President Dan Berger: "NAFCU is consistently engaged with the NCUA board, and we look forward to working with Todd Harper should he be confirmed to ensure a positive regulatory environment for credit unions. As a former policy advisor at the NCUA, Mr. Harper possesses a strong understanding of the credit union industry and its unique mission that puts people over profit. NAFCU is committed to ensuring the NCUA remains a strong, independent regulator for credit unions, and we will continue to advocate for the agency to be the primary regulator of credit unions.”
- Former NCUA Chairman Michael E. Fryzel: “I congratulate Todd Harper on his nomination for a seat on the NCUA board by President Donald J. Trump. Todd will bring a unique perspective to that position having served as the agency’s Director of Public and Congressional Affairs as well as a close confidant of Chairmen Matz and Metsger. In addition, his experience working with Congressman Kanjorski on important credit union issues provides him with an added insight into the operations of the industry. I look forward to a smooth and quick confirmation of his nomination and that of Rodney Hood to join Chairman Mark McWatters on the board.”
- NASCUS CEO Lucy Ito: “NASCUS looks forward to developing a productive working relationship with Todd Harper. If confirmed, we are confident that Mr. Harper will work with NCUA Board Chairman McWatters to strengthen the credit union system by easing credit unions’ regulatory burdens and empowering credit unions with the tools necessary to be competitive in the broader market. Mr. Harper’s familiarity with credit unions coupled with his experience staffing the House Financial Service Committee, would bring a unique combination of insights to NCUA.”