The governing board of the federal credit union regulator will have a full contingent of three members for the first time since 2016 when it meets next week in Alexandria, Va., at agency headquarters – including a new chairman and a new board member.
Monday, Todd M. Harper was sworn in as a member of the National Credit Union Administration (NCUA) Board, the third and final member of a board that will meet April 18. Harper, who was sworn in by NCUA Board Member J. Mark McWatters (who, until Monday, was chairman of the three-member board), officially joined the board after new chairman Rodney E. Hood was sworn in. McWatters also issued the oath of office to his successor in the position.
Harper, a Democrat-appointed member of the board, fills a vacant seat that was last occupied by former NCUA Board Chairman Debbie Matz (also a Democrat). Harper is serving a six-year term that ends in April 2021.
Most recently the director of the agency’s Office of Public and Congressional Affairs and chief policy advisor to former NCUA Board Chairman Debbie Matz, Harper earlier was director for the House subcommittee on capital markets.
Earlier in the day, President Donald Trump designated Hood – a Republican appointee to the board — as chairman. That was a somewhat surprising moving as Hood replaced at the head of the board table the Republican appointee McWatters, who was also designated by Trump to be chairman (in 2017). McWatters’ term runs to August of this year.