... NCUA is the federal regulator/insurer of all N.C. credit unions!
[4/16/2025] ALEXANDRIA, Va. – "NCUA Board Members Todd Harper and Tanya Otsuka, both Democrats, have been fired by the White House.... the firings
will only make it easier to roll NCUA up into another regulatory
agency,
In response to objections to the firings, White House press secretary
Karoline Leavitt told Reuters, “President Trump is the chief executive
of the executive branch and reserves the right to fire anyone he wants.”
As the CU Daily reported earlier, representatives of DOGE were in NCUA’s offices in Alexandria, Va. last week on Thursday and Friday. NCUA was given a mid-March deadline to provide the Trump administration with its plans for laying off employees as part of the White House’s broader effort to reduce the federal workforce.
To date, DOGE has overseen the terminations of tens of thousands of federal government jobs. NCUA has approximately 1,200 employees across its three regions in the U.S. A workforce reduction of 20% would involve close to 250 people..
Another possibility is that DOGE orders NCUA to sell its headquarters office in northern Virginia and move to smaller space. NCUA is one of the few government agencies that owns its own building."
✅ The one thing North Carolina credit unions should not do in the midst of this national controversy is push for passage "H.187 - CU Update".
😎 Or perhaps the Carolinas Credit Union League (CCUL) enjoys putting North Carolina's credit unions in regulatory jeopardy... and doesn't mind exposing the N.C. Legislature to unnecessary political risks?
Why put everything - and everybody - at risk over H.187?
