WASHINGTON—The U.S. Senate, 51-47, has confirmed John Crews
to the NCUA board, clearing the way for him to succeed Kyle Hauptman and return
the agency to a single-member board following the Trump Administration's
removal of Democratic board members Todd Harper and Tanya Otsuka earlier this
year.
- Maintaining the foundational stability of the credit union system
- Supporting efficient, risk-based regulation that accounts for institutional size and operational differences
- Preparing for technological advancement while safeguarding member assets
- Encouraging the growth of new credit unions to serve underbanked and military communities
- Preserving an open, accessible, and collaborative dialogue between the NCUA and the credit union movement
Crews, who most recently served in the Treasury Department,
has said his priorities include reducing regulatory burden for smaller credit
unions, encouraging innovation and supporting the chartering of new credit
unions, while maintaining the safety and soundness of the credit union system
and protecting the National Credit Union Share Insurance Fund. His confirmation
comes as the NCUA continues an aggressive regulatory review aimed at
eliminating or modernizing outdated rules.
Hauptman, whose board term expired in August 2025, remained
at the agency while awaiting confirmation of his successor, having been appointed earlier this year to the Public Company Accounting Oversight Board.
With Crews now confirmed, the leadership transition at the NCUA is expected to
move forward, although the board will continue operating with a single member
until additional nominations are made and confirmed.
Crews' confirmation also comes at a pivotal time for the
agency as it weighs not only regulatory relief initiatives, but also efforts to
encourage the formation of new credit unions, and broader policy questions
surrounding digital assets, payments innovation, and the long-term health of the
Share Insurance Fund. Credit union trade groups have consistently urged the
Senate to fill the board vacancy, arguing that stable leadership is essential
as the industry navigates a rapidly evolving regulatory and economic
environment.
Trade Groups
DCUC "We commend Congress for confirming John Crews as NCUA
Board Chairman," said Anthony Hernandez, DCUC president/CEO, ret. U.S. Air
Force colonel. "This decision provides the credit union system with the
balanced, thoughtful oversight needed to advance our cooperative mission across
communities nationwide and overseas. More than 40 million military, veteran,
and defense-affiliated members rely on their credit union as a trusted partner
for financial readiness, and we look forward to engaging with Chairman Crews to
strengthen these vital services across the cooperative movement."
“Chairman Crews brings a strong understanding of regulatory
policy and public service to this leadership role," stated Jason Stverak,
DCUC Chief Advocacy Officer. "As the credit union movement faces evolving
economic shifts and technological innovations, DCUC remains committed to
working alongside the NCUA to ensure regulatory framework empowers credit
unions and their members to thrive."
DCUC pointed out that during the confirmation process, it
sent letters to Congressional oversight committees highlighting several key
priorities aligned with Crews' testimony:
America’s Credit Unions congratulated Crews.
“An effective credit union regulator must be properly
equipped to oversee the industry, while providing access to the tools to take
on today’s modern financial landscape,” said America’s Credit Unions
President/CEO Scott Simpson. “Throughout his career, Crews has shown a measured
and thoughtful approach to innovation, stability, and expanding access to
affordable financial services. His experience will be an asset to the agency.
We look forward to working with Crews to advance modern regulatory framework,
and we encourage President Trump to proceed with nominations to fill the
three-person NCUA Board.”
NCOFCU On behalf of the National Council of First Responder
Credit Unions (NCOFCU), congratulations on your appointment to serve on the
National Credit Union Administration Board (NCUA)
Your appointment reflects the confidence placed in your
leadership, sound judgment, and steadfast commitment to the safety and
soundness of the credit union system.
Credit unions serving first responders provide essential financial services to the firefighters, law enforcement officers, EMS professionals, dispatchers, and other emergency personnel who protect our communities every day. We appreciate the NCUA's continued engagement with institutions of all sizes and missions, and we look forward to working with you on issues that strengthen and preserve the cooperative credit union system.
As our industry continues to face new challenges and
opportunities, experienced leadership at the NCUA remains critically important.
We are confident your service on the Board will help ensure a strong, safe, and
innovative future for America's credit unions.
Congratulations again on this well-deserved appointment, and
thank you for your dedication to the credit union movement and the millions of
members it serves.
Grant Sheehan CCUE | CCUP
CEO - NCOFCU
Former NCUA Chairman Dennis Dollar commented on the skills Crews brings to his
new role at the agency.
“John Crews’ background is incredibly impressive with his
time at the Treasury Department and having worked financial services issues for
two credit union champions – former Senator Pat Toomey and House Majority
Leader Steve Scalise,” stated the principal at Dollar Associates, based in
Birmingham, Ala. “He has been strong in stating his belief in less regulatory
overreach and a commitment to avoid using the supervisory process to regulate
in areas where the regulatory authority is in question, such as with CUSOs.”
Dollar believes Crews is going to be an “effective” NCUA
Chairman, “based upon everything I know of him and what I have learned through
the vetting process since his nomination was announced. Any chairman that
understands the concept of regulatory overreach and the danger of regulation
through enforcement has the right philosophy and, in this case that is combined
with a solid background as a free-market thinker working for the likes of
(Scott) Bessent, Toomey and Scalise, is going to be well received as a fair
regulator. I think credit unions will over time—although no one agrees with
their regulator all the time—see him through as positive a lens as it is
possible to do with the natural tension between the regulator and regulated. It
can be a healthy tension, and I feel that it will with Chairman Crews.”
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