ALEXANDRIA, Va.– The National Credit Union Administration Board has announced plans to hold a monthly board meeting on May 22 at which the agency’s “path forward” will be discussed.

If there are no appointments made to the board, the meeting will include only Chairman Kyle Hauptman after board members Todd Harper and Tanya Otsuka were fired by the White House on April 16. NCUA subsequently cancelled its April board meeting.

Since that time NCUA has issued a statement that a meeting that includes a single board member does constitute a quorum; it cited as precedent when Dennis Dollar was the lone board member more than 20 years ago and board meetings were held.

The Agenda

Items on the agenda include:

• A briefing on the National Credit Union Share Insurance Fund’s performance in the first quarter of 2025
• A briefing on the NCUA’s Voluntary Separation Programs, which was a previously scheduled agenda item for the canceled April NCUA Board meeting

 ‘More Streamlined Agency’

“This Board meeting will provide the public information on the NCUA’s Voluntary Separation Programs, the number of participants, and the agency’s path forward,” Hauptman said in a statement. “And all of us at NCUA are working together to build a more streamlined agency focused on executing our core mission of protecting the safety and soundness of the credit union system. Stakeholders can rest assured that NCUA is continuing to do the job that Congress demands of us and the American people expect.”

 The meeting will be held at 10 a.m. The CU Daily will have full coverage.