Hauptman sworn in as NCUA board member
Kyle Hauptman became the 24th Board Member of NCUA following a swearing-in ceremony held Monday at the agency’s Alexandria, Va. headquarters. NCUA Chairman Rodney Hood delivered the oath of office to Hauptman.
“I am proud to have been nominated by President Trump and confirmed by the U.S. Senate,” said Hauptman following his swearing-in. “It is an honor to serve on the Board of the National Credit Union Administration.”
Hauptman stated that he has three priorities as a Board member:
- Managing the fallout from the current pandemic and economic downturn;
- Expanding the role of technology; and
- Aligning incentives.
“Credit unions were chartered to serve those of modest means. I plan to work with credit unions, my fellow Board Members, and Congress on solutions for those facing financial stress,” said Hauptman. “I want to expand technology’s role in reaching the underserved because innovation can provide more inclusive financial services. And, I have always believed that you get what you incentivize. The practice of less-frequent exam cycles for credit unions with the highest marks, for example, will incent them to maintain that benefit and allow the NCUA to focus more of its attention on problematic credit unions.”
Hauptman’s tenure will run through Aug. 2, 2025.
Prior to serving on the NCUA Board, Hauptman was Sen.Tom Cotton’s (R-Ark.) advisor on economic policy, as well as Staff Director of the Senate Banking Committee’s Subcommittee on Economic Policy.