NCUA’s Todd Harper Visits With PA and NJ Credit Unions

Todd Harper 4 smallNew NCUA Board Member Todd Harper visited PCUA headquarters yesterday and is in Wilkes-Barre today. During the luncheon with credit union professionals from both Pennsylvania and New Jersey, Harper shared his priorities, philosophies, and answered questions from the credit union leaders. The Pennsylvania and New Jersey partnership are excited to bring these opportunities to their credit unions.

He opened with some of his own remarks. Harper relayed his ideas to the group on what a regulator should be by highlighting several words and phrases that make up the acronym FIRE, including: Fair and Forward-thinking; Inclusive and Independent; Risk-focused and Ready to Act; and Engaged and Efficient. He also added what he believes the focus on his service on the Board should entail. Harper’s priorities include capital and liquidity, cybersecurity, consumer protection, small credit unions, unserved and underserved people, and minority deposit credit unions.

At the conclusion of sharing his philosophies, he opened the floor up for questions. PCUA members in attendance asked many questions from regarding the difficulties credit unions have encountered in attempting to expand fields of membership to banking marijuana businesses. Before getting on the road to Northeast PA, Harper turned the tables and asked everyone a few questions of his own. Mainly, he wanted to hear their thoughts about what they see as their greatest opportunity for growth and asked for our credit unions’ thoughts about CUSOs expanding what they offer.

Pennsylvania was the fourth state Harper has visited since being confirmed to the NCUA Board. He has a strong history with the Commonwealth, previously serving on former Rep. Paul Kanjorski’s staff and lived in the Wilkes-Barre area.