President Donald Trump announced his intention to nominate Kyle Hauptman, economic policy advisor to Sen. Tom Cotton, R-Arkansas, to be a member of NCUA’s three-member board.

Hauptman, who is also staff director of the Senate Banking Committee’s Subcommittee on Economic Policy and worked on the 2016 presidential transition team, would replace Board Member J. Mark McWatters, if confirmed by the Senate.

McWatters, a Republican whose term expired last year, agreed to remain on the NCUA board until his replacement was determined. Hauptman would join Chairman Rodney Hood, also a Republican, and Todd M. Harper, a Democrat.

“I am pleased congratulate Kyle Hauptmann on his upcoming nomination to the NCUA board,” said New York Credit Union Association President/CEO William J. Mellin. “Mr. Hauptmann’s deep economic policy advisory experience and knowledge make him aptly suited as we to continue in our efforts to work together with NCUA toward a more favorable regulatory environment for the state’s credit unions.”

The president’s full announcement can be accessed by clicking here.