WASHINGTON (7/24/13)--Credit Union National Association President/CEO Bill Cheney and National Credit Union Administration Chair Debbie Matz met Tuesday to discuss a number of timely issues, including the agency's operating budget.
The operating budget, and perhaps refinements to the agency's 2013 spending plan, is an agenda time on the NCUA's open board meeting agenda for Thursday.
Cheney said that the meeting was "productive." Credit unions remain concerned that they work hard to contain costs and they feel their agency should do so as well, Cheney noted. He added that it is a point CUNA consistently emphasizes.
In the past, the NCUA board has voted to cut its budget during mid-year adjustments. The board will review the NCUA budget at its July 25 meeting and CUNA has encouraged the agency to do all it can to minimize costs.