D.C. Federal Court Holds that President’s Removal Without Cause of NCUA Board Members Was Illegal - Weiner Brodsky Kider PC

D.C. Federal Court Holds that President’s Removal Without Cause of NCUA Board Members Was Illegal - Weiner Brodsky Kider PC

In a recent order, the U.S. District Court for the District of Columbia held that the President’s removal of two board members of the National Credit Union Administration (NCUA) violated the Federal Credit Union Act (FCUA) and required reinstatement of the members. Congress amended the FCUA in 1978 to replace the previous structure of a single administrator — who served “at the pleasure of the President” without a defined term — with a multimemb…