CUNA followed up last week’s NCUA budget briefing by submitting a letter to the agency as part of its commentary on the agency’s proposed 2018-2019 budget. The NCUA is expected to take comments into consideration and vote on a final budget at its November meeting.
“CUNA recognizes and applauds NCUA’s improved budget process as well as most of the details of the budget proposal. Together, they represent a clear, positive, and significant step in the right direction as the agency works to become a leader and innovator in the financial services industry,” wrote CUNA President/CEO Jim Nussle. “We hope NCUA will continue to focus on innovation and modernization, more material reductions in the budget, and slowing the growth rate of expenditures.”
Nussle also urged NCUA to extend the budget process somewhat, to give “interested stakeholders time to evaluate, analyze and socialize the proposal” to help formulate thoughtful responses.