WASHINGTON (11/13/15)--CUNA is very concerned about the continuing increase in the National Credit Union Administration’s operating budget, CUNA President/CEO Jim Nussle said in a letter sent to the agency Thursday.
Addressed to NCUA Chair Debbie Matz, the letter outlines budget concerns in advance of the agency’s Nov. 19 meeting, where it will vote on a budget for 2016 and 2017.
“While credit unions and their members benefit from NCUA fulfilling its mission to promote the safety and soundness of credit unions and the National Credit Union Share Insurance Fund, they are very concerned that the NCUA budget continues to increase at a time when the credit union system is very healthy,” Nussle wrote. “We do not believe the agency needs to increase its budget to fulfill its mission ... NCUA should be proposing budget regulations to decrease credit unions’ financial obligation to the agency.”
To enhance the agency’s efficiency and ensure credit unions have access to appropriate information about the agency’s budget and resource allocations, CUNA is urging the NCUA to: