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ALEXANDRIA, Va. (June 15, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement on President Donald J. Trump’s announced intention to nominate Kyle S. Hauptman to the agency’s Board:

“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.”

Mr. Hauptman currently serves Senator Tom Cotton (R-Ark.) as the Staff Director for the Economic Policy Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Previously, he held the position of Executive Director of the Main Street Growth Project and Senior Vice President at Jefferies & Co. He also worked at Lehman Brothers as a bond trader in New York City as well as in their international offices in Tokyo and Sydney. Mr. Hauptman served as a voting member on the U.S. Securities and Exchange Commission Advisory Committee on Small and Emerging Companies from 2016-2017. Mr. Hauptman also served on President Donald J. Trump’s transition team in 2016.

Mr. Hauptman holds a master’s in business administration from Columbia Business School and a bachelor of arts from University of California, Los Angeles.