GUEST Kyle Hauptman
Today, Mark welcomes a very special guest, NCUA Vice Chair Kyle Hauptman. Kyle shares his journey to his position and some roles of NCUA for credit unions with Mark. They talk about the importance of credit union relationships with fintechs and the new opportunities in blockchain technology. Mark gives credit to how the NCUA has helped him as a business owner. Listen in as Kyle walks through his top three priorities for his tenure at the NCUA.
IN THIS EPISODE:
- [01:48] Kyle’s background and how he got to banking.
- [08:43] Outlook on credit unions working with fintechs.
- [18:27] Cryptocurrencies and blockchain technology.
- [30:56] The NCUA is working to keep credit unions relevant.
- [34:00] Future priorities for NCUA.
- [40:32] How the NCUA has helped Mark as a business owner.
- It’s important, when considering fintechs, that credit unions be able to do what is best for their members and that regulations allow them to compete and do the best they can do.
- Blockchain technology has the potential to be used in other ways that would be very helpful to credit unions.
- The NCUA is focused on staying relevant for the future, making it more equitable for diverse groups, and accountability and transparency.
Are you a small business owner or real estate investor looking for financing?
Kyle S. Hauptman was nominated to serve on the NCUA Board on June 15, 2020. The U.S. Senate confirmed him on December 2, 2020, and he was sworn in as a member of the NCUA Board on December 14, 2020. The NCUA Board approved his designation as Vice Chairman of the NCUA on December 18, 2020.
Prior to his joining the NCUA Board, Mr. Hauptman served as Senator Tom Cotton’s (R-Arkansas) advisor on economic policy, as well as Staff Director of the Senate Banking Committee’s Subcommittee on Economic Policy.
Previously, Mr. Hauptman was Senior Vice President at Jefferies & Co. He worked at Lehman Brothers as a bond trader in New York City as well as in their international offices in Tokyo and Sydney, and served as a voting member on the U.S. Securities and Exchange Commission Advisory Committee on Small and Emerging Companies.
Mark Ritter is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.