Senate confirms Otsuka to NCUA Board term lasting into 2029

Tanya Otsuka was confirmed Wednesday to a six-year term on the National Credit Union Administration (NCUA) Board by voice vote of the full Senate.

Otsuka, a Democrat, will have an NCUA Board term lasting through Aug. 2, 2029.

She was nominated to the board Sept. 21 by President Joe Biden (D), to succeed Rodney Hood, whose term on the board expired this Aug. 2. (Hood, a Republican, had been serving in a holdover capacity, as authorized to do, until his successor was confirmed.)

The NCUA said Otsuka will begin her term of service as soon as she takes the oath of office (it gave no date for that).

The White House has said Otsuka has more than a decade of experience in financial regulation and supervision. She has been serving most recently as senior counsel for the majority staff of the Senate Banking Committee and has handled the committee’s work on banking and credit union issues since March 2020. It also said she served on the banking committee staff in 2019 through the Government Affairs Institute at Georgetown University’s Capitol Hill Fellowship Program, on detail from the Federal Deposit Insurance Corporation (FDIC), it said, adding that Otsuka served as a staff attorney and counsel at the FDIC.

Otsuka testified in a confirmation hearing by the Senate Banking Committee Oct. 19, and the committee approved of her nomination Nov. 7, sending it to the Senate for action.

Otsuka confirmed