Transparency, Fairness and Efficacy Should Be Trademark of NCUA Budget Process: Letter to the Editor
Each November, the NCUA puts forth its budget for the following year. Every year, NAFCU has steadfastly pressed NCUA to be vigilant in keeping every possible cost down.
It is important for NCUA, as steward of the money it receives from federally insured credit unions and their members, to administer each penny with the utmost diligence since credit unions pay for the operating expenses and administration of the agency. The NCUA should look carefully at what works and reprioritize any agency resources that can be used more effectively. Credit unions are still recovering from the economic downturn and are retooling their staffing to accommodate the overwhelming regulatory burden.