STATEMENT on lawsuit filed by former NCUA Board Members Harper, Otsuka from America's Credit Unions

"America's Credit Unions is closely reviewing the lawsuit filed by former NCUA Board members Todd Harper and Tanya Otsuka challenging their dismissals. Our position remains firm in that credit unions' federal regulator should be an independent, bipartisan board. As the administration has yet to propose nominations to fill the two current vacancies, we continue to engage the NCUA to gain further insights as to what initiatives or actions Chairman Hauptman will take as a one-member board. Recently, we have seen similar legal challenges across various federal agencies that have experienced similar dismissals. We will continue to act in the best interest of our member credit unions and their 142 million members."
​- Jim Nussle, America's Credit Unions President and CEO

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