NCUA Would Stay Open If Government Shuts Down
If you have a visit from an NCUA examiner scheduled for next week, don’t count on a government shutdown to give you more time to prepare.
Because the agency is self funded, the NCUA would continue operating, even as most of the federal government would be shuttered if Congress can’t pass a budget by Friday night
“As a self-financing agency, NCUA operates outside of the congressional appropriations process. NCUA therefore will remain open and operate business as usual in the event of a government shutdown,” NCUA Chairman Debbie Matz said in a statement.
Other financial regulators, such as the Federal Reserve and the FDIC are also going to be operating normally
House and Senate negotiators are trying to reach an agreement.
Senate Majority Leader Harry Reid (D-Nev.) said this morning he was less optimistic about the chance for an agreement than he had been last night.
“The numbers are basically there, but I am not nearly as optimistic — and that’s an understatement — as I was 11 hours ago,” Reid said in a Senate floor speech. “The numbers are extremely close, and our differences are no longer over how much savings we get on government spending. The only thing holding up an agreement is ideology.’’