The newest member of the board for the federal credit union regulator was officially sworn in and joined the panel Monday, according to news reports.
The website CUToday.info reported that Tanya Otsuka was sworn in as the third member of the National Credit Union Administration (NCUA) Board by its chairman, Todd Harper, in a private ceremony.
Otsuka replaces Rodney Hood, a former chairman of the agency board, whose term officially expired Aug. 2. Hood, a Republican, had been serving in a holdover capacity, as authorized to do, until his successor was confirmed. The Senate gave Otsuka the nod Dec. 20. A Democrat, her term runs through Aug. 2, 2029.
The agency board is now made up of two Democrats and one Republican – who is Vice Chairman Kyle Hauptman.