The U.S. Senate voted to confirm Tanya Otsuka to serve on the National Credit Union Administration (NCUA) Board this week. Otsuka currently serves as senior counsel for the Senate Banking Committee and was nominated by President Joe Biden in September.
“We look forward to working with Board Member Otsuka on critical issues facing credit unions, enhancing their ability to serve their communities and members,” said Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues. “We also want to congratulate her on this confirmation! We’re excited at the opportunity to work together to develop new and better ways of serving credit unions.”
Otsuka will make history as the first Asian American to serve on the NCUA Board. Once sworn in, she will replace Board Member Rodney Hood, whose term has expired.
The Credit Union National Association (CUNA) and National Association of Federal Credit Unions (NAFCU) submitted joint comments to the Senate Banking, Housing and Urban Affairs Committee prior to Otsuka’s testimony before the Senate Banking Committee in October, outlining various issues that credit unions would like the committee and the NCUA to keep in mind.
Dykstra noted Hood’s commitment to serving credit unions, his hard work, legacy, and the positive impact he has made on the agency.
“We have appreciated our collaborative partnership with Board Member Hood as we served credit unions in our shared goals throughout the years,” Dykstra said. “We wish him all the best in his future endeavors.”