WASHINGTON —NCUA has officially marked its Nov. 20 open board meeting as “withdrawn” and the Dec. 18 session as “tentative” on its public calendar.
The move comes against a broader backdrop of a diminished board schedule amid lingering governance and legal uncertainty. As CUToday.info has extensively reported, earlier this year, two Democratic board members — Todd Harper and Tanya Otsuka — were removed by the Trump Administration, leaving Chairman Kyle Hauptman as the sole remaining member.
As CUToday.info also reported, the NCUA board traditionally requires at least two members to form a quorum and approve major policy actions or rulemakings. However, the agency has maintained that a single member can constitute a quorum—citing past precedent, including a period when former Chairman Dennis Dollar conducted official business as the board’s sole member.
For credit unions, the result has been a slower pace of formal decision-making from the regulator. While day-to-day supervisory work continues, critical actions such as rule issuance, major policy pivots or strategic agenda updates may remain on hold.
As the calendar flips into 2026, the outcome of the litigation around the removal of Harper and Otsuka will be critical. A federal judge ruled in July that their removal was unlawful, though an Appeals Court stay remains in place.