NCUA's Todd Harper Confirmed to Full Term by Senate

In a 59-40 vote on Wednesday, the U.S. Senate confirmed Todd Harper to a full term on the NCUA board.

The confirmation will allow Chairman Harper to remain on the board until the term expires on April 10, 2027.

“I am grateful to President Biden for nominating me to serve a full term on the NCUA’s board and humbled by today’s bipartisan confirmation vote,” Harper said. “In the years ahead, my focus will remain on credit union members, the system’s resiliency and strength, and the NCUA’s readiness to respond to an evolving economic environment, credit union system and financial services marketplace. Consistent with the law, I will also continue prioritizing capital and liquidity, cybersecurity, consumer financial protection and diversity, equity, and inclusion.”

Initially, Harper was confirmed by the Senate in March 2019 to a partial term on the board to fill the vacancy created when former Chairman Debbie Matz retired in 2016. Harper’s term expired in April 2021 and the Senate Banking, Housing and Urban Affairs Committee voted to move the renewed confirmation forward in Sept. 2021.

Harper said in a statement, “It is an honor to continue working with my fellow NCUA board members — Kyle Hauptman and Rodney Hood — and the dedicated team of professionals at the NCUA. I want to especially thank those who voted for me, Senate Banking Committee Chairman Sherrod Brown and Senate Majority Leader Chuck Schumer for moving my nomination, as well as my parents, Ronald and Christine Small, my long-time partner, Tom Beers, and my many mentors, including former Congressmen Paul Kanjorski and Ed Royce.”

In a statement released Wednesday afternoon, CUNA President/CEO Jim Nussle said, “Congratulations to Chairman Harper on his re-confirmation to the NCUA board. We look forward to continuing to engage him and the other NCUA board members to ensure that the agency stays focused on its safety and soundness mission.”

NAFCU President/CEO Dan Berger also issued a statement congratulating Harper. Berger said, “Under Chairman Harper’s leadership, the NCUA can truly accelerate credit unions’ growth and better the way they serve their 130 million members. NAFCU congratulates Todd Harper on his confirmation to continue serving as NCUA Chairman. We have, and will continue to, work with the NCUA and its leaders to push for meaningful regulatory change and engage in ways credit unions can grow and innovate.”