
Trump fires Harper from NCUA board
Without warning, President Donald Trump Wednesday removed Todd Harper from the NCUA’s board a full two years before his term was set to expire.
President Donald Trump has fired Todd Harper from the board of the National Credit Union Administration.
Neither the White House nor the NCUA confirmed the action Wednesday morning, but Harper, a Democrat, addressed the situation himself in a LinkedIn post.
“The decision of the White House to fire me before the completion of my term is wrong,” Harper wrote. “It violates the bipartisan statutory framework adopted by Congress to protect credit union members and their deposits. The Trump Administration’s attack also undermines the independence, balance and important work of the NCUA. 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?”
Trump first appointed Harper to serve on the NCUA board in 2019. The U.S. Senate confirmed Harper to serve the remainder of a partial term on March 14, 2019, and he was sworn in as a member of the NCUA board on April 8, 2019.
President Joseph Biden then designated Harper as the NCUA’s twelfth Chairman on January 20, 2021, and Mr. Harper served in this role until January 20, 2025. On August 6, 2021, President Biden renominated Mr. Harper for a full term on the NCUA board.
On June 8, 2022, the United States Senate in a bipartisan vote confirmed Harper to serve a term that was not set to expire until April 10, 2027.
“During my six years on the NCUA board, I have worked vigorously to make the credit union system safer and more resilient, increase fairness and protections for credit union members, and advance equity to ensure credit unions work better for all Americans, especially those of modest means. I am deeply proud of that important work,” Harper wrote.
The NCUA board has already been dealing with some turmoil, and in fact abruptly cancelled its board meeting slated for March.
At the NCUA’s February meeting, Chairman Kyle Hauptman admitted that he is as uncertain about the exact future of the agency as anyone.
“While we on the board don’t have any more info on White House directives than anyone else, I’m happy to talk to you about problems and possible solutions. I’ll tell you what I know and don’t know,” he said.
The NCUA board is set to meet Thursday.
Harper called Trump’s action Wednesday “ill-conceived and politically motivated” and said it upsets the important regulatory balance and will harm consumers.
“Today is a sad day for our country and the credit union system,” Harper said.