NCUA Board Welcomes New Member, Kyle Hauptman

Today, President Trump announced that Kyle Hauptman, economic advisor for Senator Tom Cotton, will succeed J. Mark McWatters on the National Credit Union Administration (NCUA) Board.

McWatters’s term expired in August 2019, but was committed to staying on until a successor was named.

“I congratulate Mr. Hauptman on President Trump’s intent to nominate him to the NCUA Board,” NCUA Chairman Hood said. “Kyle has significant experience in the financial services sector as well as the public policy arena, which will serve him well. If confirmed, I look forward to working with Kyle to ensure credit unions have the regulatory structure to meet the evolving needs of their members and serve as a vital component of the nation’s economic recovery following the COVID-19 pandemic. I wish him well as he proceeds through the nomination process.”

As well as Cotton’s economic advisor, Hauptman serves as the staff director of the Senate Banking Committee’s Subcommittee on Economic Policy. Prior to his position in Cotton’s office, he served on the 2016 Presidential Transition Team and on the United States Securities and Exchange Commission’s Advisory Committee for Small and Emerging Companies from 2015-2016.