Promising that the NCUA will not engage in "regulation by
enforcement," NCUA Chairman Kyle Hauptman has sent a letter to
credit unions outlining his supervisory priorities for 2026.
"NCUA is dedicated to supporting credit unions, developing
right-sized regulations and policies that safely advance innovation
within the credit union system, and protecting member deposits and
the Share Insurance Fund through productive, streamlined credit
union supervision," Hauptman wrote in his letter.
Hauptman reiterated that these priorities reflect the
agency's goal of supporting a safe, sound, and resilient credit
union system without imposing unnecessary regulatory burden.
It should be noted that Hauptman, a Republican, currently is the
only member of the NCUA board, since President Trump has fired two
Democratic members of the board, Todd Harper and Tanya
Otsuka. The two have sued the agency, saying they
were not fired for cause and that case is pending in federal
court.