Senate confirms Kyle Hauptman to NCUA board

Kyle Hauptman
Photo credit: American Banker

The U.S. Senate on Wednesday confirmed Kyle Hauptman, a Republican, to the NCUA Board by a vote of 56-39. He will begin his term as soon as he takes his oath of office.

Hauptman, who is currently economic policy advisor to Sen. Tom Cotton, R-Arkansas, and staff director of the Senate Banking Committee’s Subcommittee on Economic Policy, worked on the 2016 presidential transition team. He will join Chairman Rodney Hood, also a Republican, and Todd M. Harper, a Democrat, on the three-member board.

New York Credit Union Association President/CEO William J. Mellin congratulated Hauptman on Wednesday in a statement.

“I wholeheartedly congratulate Kyle Hauptman on his confirmation to the NCUA board,” Mellin said. “Mr. Hauptman’s deep economic and financial policy experience and knowledge make him aptly suited to serve on the NCUA board. The New York credit union community looks forward to working with him, Chairman Hood and Board Member Harper as we continue our efforts to improve the regulatory environment for the state’s credit unions.”

Hood also congratulated Hauptman on his confirmation and said that he looks 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.”

President Donald Trump announced his intention to nominate Hauptman to be a member of NCUA’s board in June, and the U.S. Senate Banking, Housing and Urban Affairs Committee held its confirmation hearing on July 21. He replaces J. Mark McWatters, whose term expired in August 2019, but stayed on the board until his resignation last month. Hauptman’s term on the NCUA board will run through Aug. 2, 2025.

Leave a Reply