The NCUA board approved the designation Friday of board member Kyle Hauptman as vice chairman of NCUA, effective immediately, pursuant to the requirements of NCUA’s Rules and Regulations.

“I thank President Trump for this honor and the trust he has placed in me,” Vice Chairman Hauptman said. “As Vice Chairman of the NCUA, I look forward to working with credit unions, my fellow Board Members, and Congress on solutions that provide regulatory relief for the credit union community and expand the use of technology to reach underserved communities.

“I am committed to the NCUA board’s obligation to protect America’s $1.79 trillion credit union system, which is dedicated to serving those of modest means, and ensuring the safety and soundness of the National Credit Union Share Insurance Fund.”

President Donald J. Trump announced the nomination of Hauptman on June 15. The U.S. Senate Banking, Housing, and Urban Affairs Committee held its confirmation hearing on July 21, and the Senate approved his nomination on Dec. 2. Hauptman took the oath of office on Dec. 14.