The Senate voted today to confirm Rodney Hood and Todd Harper to serve on the NCUA board, giving NCUA a full three-person board for the first time since April 2016.
“CUNA, leagues and credit unions congratulate Rodney Hood and Todd Harper for their confirmation as NCUA board members. We look forward to working with a full, three-person NCUA board on the issues most important to credit unions and their members,” said CUNA President/CEO Jim Nussle. “Both have impressive experience when it comes to working with not-for-profit financial cooperatives, and we’re hopeful the new board will continue NCUA’s modernization efforts to ensure it remains an efficient, effective regulator.”
Hood officially replaces board member Rick Metsger, whose five-year term expired in August 2017. Hood’s term ends in August 2023.
Harper takes the seat of former board chair Debbie Matz, who retired in April 2016. His term ends in April 2021.
Gigi Hyland, executive director of the National Credit Union Foundation and former NCUA board member, congratulated the two.
“I wish Mr. Hood and Mr. Harper all the best in their reprised and new roles, respectively. Serving on the NCUA board is a high honor, one that also requires the highest of responsibility,” she said. “Funded by the credit unions it regulates, the agency and its board leaders must prudently and diligently utilize resources to balance safety and soundness with innovation, protect credit union member accounts, and foster excellence in NCUA employees.”
Hood and Harper, in testimony before the Senate Banking Committee Feb. 14, shared their experiences and background in the financial services industry.