July 21, 2020
NASCUS PRESIDENT & CEO LUCY ITO ON THE NOMINATION HEARING FOR NCUA BOARD NOMINEE KYLE HAUPTMAN
ARLINGTON, Va. – This morning, the Senate Banking Committee held a Nomination Hearing for NCUA Board Member nominee Kyle Hauptman.
NASCUS President and CEO Lucy Ito issued the following statement in response to today’s hearing.
“NASCUS was pleased to hear that as an NCUA Board member, Mr. Hauptman would prioritize the recovery from the COVID-19 pandemic. We agree with the steps the current NCUA Board has taken to provide credit unions with the flexibility to serve their members during these unprecedent times and are encouraged that if confirmed, Mr. Hauptman would work with Chairman Hood, Board Member Harper and Congress to ensure credit unions will have access to the tools necessary to continue serve their members as they contend with the fallout of the pandemic.
“We agree with Mr. Hauptman regarding the importance of capital to credit unions and welcome the opportunity to collaborate with him and the other members of the NCUA Board as they consider a broader, more flexible Subordinated Capital rule that will both benefit credit unions and their members and protect the share insurance fund.”
Shelton Roulhac, Vice President, Communications, firstname.lastname@example.org or (703) 528-5974
NASCUS is the national association that advocates for a strong and healthy state credit union system, and whose members include state regulatory agencies, credit unions, credit union leagues, and organizations that support the state credit union system.