NCUA Chair Hauptman Discusses Accomplishments at GAC

During a fireside chat at GAC with America's Credit Unions President/CEO Scott Simpson, NCUA Chairman Kyle Hauptman outlined three significant goals achieved while leading the agency.

Hauptman has served on the board since December 2020, and as chairman since 2025. He reiterated Monday that, despite being appointed to the Securities and Exchange Commission Public Company Accounting Oversight Board, he would remain with the NCUA until his replacement is confirmed by the Senate.

Improving examination processes at the agency, advancing digital assets, and restructuring the NCUA were three accomplishments Hauptman noted during the conversation.

Exam improvements, restructuring, and the agency's Deregulation Project are what Hauptman called "looking from top to bottom" at everything it could that was outdated, could save time, or wasn't necessary in the current environment.

"In the end, some of the documents we asked for during each exam, some of the individual rulemakings, they had a purpose, the people who wrote it weren't crazy. But these just kind of stack up and up and up," he said, leading the agency to remove extraneous processes and requirements.

"We did a top-to-bottom look at the agency at everything we could do that saves time… if our examiners are spending time doing something, it better be worth it," he said. "Our restructure, I think was done very thoughtfully, and every single thing we do, every mouse click, was reevaluated for who, does what, in what manner, how often."

He also encouraged credit unions to provide feedback on each of the proposals issued under the Deregulation Project, current and forthcoming.