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Hauptman confirmed to NCUA Board
The Senate has approved the nomination of Kyle Hauptman to serve on the NCUA Board; the nomination was cleared by a 56-39 vote.
"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 independent regulator for the industry."
Hauptman, a Republican, currently serves as economic and policy advisor to Sen. Tom Cotton, R-Ark. Hauptman also served on the 2016 Presidential Transition Team, the U.S. Securities and Exchange Commission's Advisory Committee for Small and Emerging Companies from 2015-2016, and as policy advisor for financial services during Mitt Romney's 2012 presidential campaign.
Hauptman will replace Board Member J. Mark McWatters; McWatters' term officially expired in August 2019 and he resigned from the board Nov. 20 ahead of Hauptman's confirmation vote. Hauptman's term will run through August 2025.