ALEXANDRIA, Va. – NCUA will hold a board meeting today at 10 a.m. E.T. The meeting will be presided over by NCUA Chairman Kyle Hauptman, the lone member of the NCUA board.
Items on the agenda include a briefing on the 2026–2027 Budget and the Share Insurance Fund. The meeting will be held at agency’s headquarters at 1775 Duke Street in Alexandria, Virginia.
NCUA’s open Board meetings are also livestreamed on the NCUA’s website and YouTube channel.
The agency’s traditional monthly meetings have been sporadic in 2025 following the firings of NCUA board members Todd Harper and Tanya Otsuka by the Trump administration.
Efforts to Reduce Budget are Applauded
Earlier this week, during a press call, Jason Stverak, chief advocacy officer with the Defense Credit Union Council (DCUC), said the trade association remains hopeful NCUA will act on the input it provided earlier this year on its budget.
“We applaud Chairman (Kyle) Hauptman efforts not only in the budget to reduce expenses at the agency, while ensuring the safety and soundness of the entire credit union system, and we’re also very happy (with) the chairman’s commitment on the deregulatory strategy that he has proposed. We hear from credit unions of all sizes that there are regulations that could be modified and updated and that could greatly increase or streamline the ability for credit unions to serve their members.
“We encourage NCUA and the board as it moves forward on this process to solicit as much input from all credit unions on rules and regulations that are hindering the ability to serve members,” Stverak added.
Recognition of the Real Cost of Reg Burden
Similarly, Scott Simpson, president and CEO of America’s Credit Unions, praised NCUA and Hauptman for the deregulatory effort.
“For every dollar that a credit union spends complying with regulation, that’s $10 roughly of deposits they can’t (be used elsewhere),” said Simpson, noting that retained earnings are nearly the only way a credit union can build capital. “That leverage works the opposite direction exponentially with regulatory burden, and we’re grateful that the chairman recognizes that and is on the lookout for to duplicative and unnecessary regulation.”
