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NCUA Board Member Rodney Hood Announces at September Board meeting he will support Chairman Todd Harper on his initiatives coming up, including the 2024 Budget.

Hours later President Joe Biden announces his intent to nominate Hood's replacement:

U.S. Sen. Sherrod Brown (D-OH) – Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement after the Biden Administration announced the nomination of Tanya Otsuka to be a member of the National Credit Union Administration (NCUA) board. Currently, Otsuka works for Chair Brown as Senior Counsel for the Senate Banking and Housing Committee.

“Tanya Otsuka is an exceptional choice to serve as a National Credit Union Administration board member. As a public servant, Ms. Otsuka has dedicated her entire career to fighting for consumers, credit unions and other small financial institutions, and a strong financial system,” said Brown. “On the Banking and Housing Committee, she has earned a reputation as a respected leader, reliable teammate, and a trusted advisor. She will bring a fresh perspective and support for the President’s work to build an economy centered on working families. If confirmed, she would be the first Asian American to serve on the NCUA Board in the agency’s 53 year history. I fully support her historic nomination and urge my colleagues to do the same.”

ALEXANDRIA, Va. (Sept. 21, 2023) – National Credit Union Administration Chairman Todd M. Harper issued a statement welcoming President Joseph R. Biden’s nomination of Tanya Otsuka of Virginia to the NCUA Board:

“Tanya Otsuka is a committed public servant and a well-qualified nominee to serve on the NCUA Board. Tanya’s past work has strengthened the U.S. financial system, protected consumers, and advanced the ability of credit unions to innovate and compete. Tanya would also bring a different point of view to the work of the agency as the first Asian-American NCUA Board Member. If confirmed, I look forward to working with Tanya to protect the deposits of America’s nearly 138 million credit union members and to expand access to safe, fair, and affordable financial services to under-resourced communities. I hope the Senate acts quickly on her nomination.”