WASHINGTON–The Senate has approved by a 56-39 vote the nomination of Kyle Hauptman to serve on the NCUA board.
Hauptman will return the board to three members following the recent resignation of J. Mark McWatters. It is likely the incoming Biden Administration will elevate Board Member Todd Harper to chairman, although Harper, a Democrat, would be the minority member of the board.
Hauptman’s term on the NCUA board would run through August 2, 2025, NCUA said.
Hauptman is currently Senator Tom Cotton’s (R-AR) advisor on economic policy, as well as staff director of the Senate Banking Committee’s Subcommittee on Economic Policy. Prior to joining Cotton’s office, Hauptman worked on the 2016 Presidential Transition Team.
From 2015 to 2016, Hauptman served on the United States Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies. Previously, he was Mitt Romney’s policy advisor for financial services during his 2012 campaign. Previously Hauptman was a fixed-income trader in Tokyo, New York City, and Sydney, Australia. He earned his MBA from Columbia University and his B.A. from UCLA.
Statement from NCUA Chairman
“I congratulate Kyle on his confirmation and I look forward to working with him as we help to ensure our nation’s credit unions are able to serve their members during this difficult period,” said NCUA Chairman Rodney Hood. “I would also like to thank Board Member J. Mark McWatters for his more than six years of service to the agency and credit union community, both of which benefited greatly from his insight and leadership.”
Statement From CUNA
“CUNA, leagues, and credit unions congratulate Kyle Hauptman for his confirmation as a NCUA board member,” said CUNA President/CEO Jim Nussle. “We look forward to seeing his leadership unfold as America’s credit unions strive remain in a position to serve their members during the crisis and into economic recovery. Mr. Hauptman has impressive experience when it comes to working in the financial services and public policy arenas, and we’re hopeful that the board will soon operate at full capacity with three members at the forefront.”
Statement from NAFCU
"NAFCU congratulates Kyle Hauptman on being confirmed to the NCUA board," said NAFCU President and CEO Dan Berger. "We look forward to continuing to work with Mr. Hauptman to ensure credit unions have all the tools necessary to serve their more than 122-million members and continue to grow. We are confident the board will continue to be an effective and indpendnet regulator for the industry."