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WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after President Donald J. Trump announced his intent to nominate Kyle Hauptman to be a member of the National Credit Union Administration (NCUA) Board:

"NAFCU has worked with the NCUA since its inception when advocating for the credit union industry's needs and appreciates the Administration for recognizing the importance of this position," said NAFCU President and CEO Dan Berger. "We look forward to working with Mr. Hauptman once he is confirmed to ensure a healthy regulatory environment where credit unions can grow and focus their resources on serving their more than 120 million members.

"We would also like to thank Board Member J. Mark McWatters for his many years of service on the NCUA Board and to the credit union industry. We appreciate his support of our efforts to modernize outdated regulations, reform capital standards, and make recent changes to the Central Liquidity Facility permanent."

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The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.