Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday.
The National Credit Union Administration (NCUA) said the agency board – created by statute to have three members, but lately only counting Chairman Kyle Hauptman – would only consider briefings on the four topics included on the meeting agenda. No proposed or final rules, or other action items, are included.
The briefings are on:
- Brokered and reciprocal deposits;
- The “deregulation project” being pursued by the agency (which, to date, has included eight “rounds” of deregulation proposals);
- NCUA’s 2026-2030 strategic plan;
- The agency’s 2026 annual performance plan.
No additional details were provided by the agency.
Although Hauptman, a Republican appointee) is the sole member of the NCUA Board (the other two members, Democratic appointees, were removed by President Donald Trump (R) last year), he himself is on the way out. In February, Hauptman announced that he had been appointed to the five-member Public Company Accounting Oversight Board (PCAOB), an obscure arm of the Securities and Exchange Commission (SEC).
Hauptman has said he would also remain on the NCUA Board until his successor is confirmed by the Senate.
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