Removing Barriers Blog

Senate confirmed Kyle Hauptman for NCUA Board
Posted December 03, 2020 by CUNA Advocacy

The Senate confirmed Kyle Hauptman for a seat on the NCUA board. Hauptman will serve a term through August 2025 once sworn in.  

“CUNA, Leagues, and credit unions congratulate Kyle Hauptman for his confirmation as an NCUA board member. With his record of engagement with Leagues and credit unions, we look forward to working with him on ways NCUA can help credit unions more efficiently serve members through the duration of the pandemic and through the economic recovery.  We hope he will continue NCUA’s trend in recent years as an efficient, effective regulator.” - Jim Nussle, CUNA's President & CEO

CUNA wrote to Hauptman outlining CUNA-League priorities.

  • Importance of the NCUA as an Independent Regulator and Insurer
  • NCUA Should Take Further Steps to Ensure Credit Unions Remain in a Position to Serve Their Members During and After the Pandemic
    • Refrain from Any NCUSIF Premium Assessments
    • Temporarily Exclude Certain Low-Risk Assets from Net Worth Ratio
    • Permit Capitalization of Interest on Consumer Mortgage Loans
    • Remove Obstacles to Consumers Accessing the Payday Alternative Loans I Program 
  • The Recent NCUA Actions that Have Been Positive for Credit Unions
  • Importance of NCUA Coordination with Other Regulators

Hauptman, a native of Maine, currently serves as an economic advisor to Sen. Tom Cotton (R-AR). In his testimony before the Senate Banking Committee July 21, he said his goal at NCUA will be to help credit unions offer the American dream to as many people as possible.