ALEXANDRIA, Va.–Although his term expires in August, NCUA Chairman Kyle Hauptman intends to continue serving on the board until a replacement is named and confirmed, the agency told the CU Daily.
Currently, Hauptman, the Republican appointee, is the only member of the board as Democrats Todd Harper and Tanya Otsuka were fired by President Trump in mid-April. Harper and Otsuka have file suit to have their positions reinstated, and thanks to a court order that was later stayed, were present for NCUA’s July board meeting.
As the CU Daily was the first to report separately, they have filed an emergency motion in that case.
“The chairman will continue to serve as a holdover until further notice, unless the President has a different preference,” NCUA said in a statement to the CU Daily.
Hauptman was nominated by President Donald Trump to serve on the NCUA Board on June 15, 2020. In December 2020, the Senate confirmed him, and he was sworn in as a member of the board.
Prior Roles
Before joining the NCUA Board, Mr. Hauptman served as Sen. Tom Cotton’s (R-AR) advisor on economic policy, as well as staff director of the Senate Banking Committee’s Subcommittee on Economic Policy.
It is not uncommon for NCUA board members to serve past the expiration of their terms.
