NASCUS Statement on Changes to NCUA Board Leadership

FOR IMMEDIATE RELEASE
April 17, 2025

ARLINGTON, VA – The National Association of State Credit Union Supervisors (NASCUS) remains committed to working with the National Credit Union Administration (NCUA) to ensure coordinated, calibrated, and efficient oversight of the nation’s federally insured, state-chartered credit unions. While our state credit union regulatory agencies remain the prudential regulator of state-chartered credit unions, a healthy dual-charter credit union system relies not only on the strong supervision provided by our state agencies but also on a strong independent federal credit union deposit insurer and regulator of federal credit unions.

With the changes at the NCUA comes uncertainty at a time when the credit union system, like the broader financial services sector, faces rapidly evolving challenges and opportunities.

NASCUS, state regulatory agencies, and our credit union system stakeholder members look forward to clarification at the federal level of the NCUA’s leadership composition going forward. The credit union system is strong, sound, and resilient. NASCUS will continue to work with the NCUA and all stakeholders to support and serve the credit union movement.