The NCUA will host a public briefing on its proposed 2017-2018 budget on Oct. 27 at its Alexandria, Va., headquarters. According to the agency, it will release its draft budget during the week of Oct. 9.
“Making the NCUA budgetary process more transparent has been a longtime goal of CUNA and our partners at the state leagues, and we’re pleased with this step in the right direction,” said Ryan Donovan, CUNA’s chief advocacy officer. “We’re concerned with the NCUA’s annually increasing budget, particularly as the health of the credit union system has improved greatly over the same time frame. We hope they take the feedback into account when planning for the next two years.”
NCUA Chair Rick Metsger first announced the briefing in June. While he noted that everyone participating in the briefing will be heard, the final budget decision will rest with the board.
The briefing is scheduled to run from 2 to 4 p.m. (ET), and those wishing to attend in person must submit a request to the agency within a week of the draft budget’s release. For others, there will be a live video stream.
The NCUA will accept written comments suggesting specific changes to the proposed 2017-18 budget through Nov. 4 at 5 p.m. (ET).
More details, including a briefing agenda and structure, will be provided in October.