The newest member of the board for the federal credit union regulator was officially sworn in and joined the panel Monday, according to news reports.
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The website CUToday.info reported that Tanya Otsuka was sworn in as the third member of the National Credit Union Administration (NCUA) Board by its chairman, Todd Harper, in a private ceremony.
Otsuka replaces Rodney Hood, a former chairman of the agency board, whose term officially expired Aug. 2. Hood, a Republican, had been serving in a holdover capacity, as authorized to do, until his successor was confirmed. The Senate gave Otsuka the nod Dec. 20. A Democrat, her term runs through Aug. 2, 2029.
The agency board is now made up of two Democrats and one Republican – who is Vice Chairman Kyle Hauptman.