NCUA Boardroom. Credit/NCUA
NCUA Board Member Todd Harper announced Wednesday morning that he was fired by the White House and issued a strongly worded statement following his removal from the NCUA Board, calling the decision “wrong” and a threat to the agency’s independence.
“The decision of the White House to fire me before the completion of my term is wrong,” Harper said. “It violates the bipartisan statutory framework adopted by Congress to protect credit union members and their deposits.”
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Harper, who was first appointed to the Board by President Donald Trump in 2019 and later designated as Chair by President Joe Biden, was confirmed by the U.S. Senate in 2022 to a full term that was not set to expire until 2027.
“This ill-conceived and politically motivated decision to fire me before the end of my term upsets that important regulatory balance and will harm consumers,” Harper added. “Today is a sad day for our country and the credit union system.”
During his tenure, Harper emphasized strengthening credit union resiliency, consumer protections and financial equity. He chaired the NCUA Board from 2021 to 2023 and cited his efforts to maintain bipartisanship with Republican colleagues.
“If a President can fire an NCUA Board member at any time, how will we maintain public trust in our nation’s financial services regulatory system?” Harper asked.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
