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.
Trade associations are hopeful the NCUA will reduce its 2013 operating budget during its monthly board meeting July 25. While the board’s open meeting agenda has not yet been released, historically the federal regulator makes mid-year adjustments to the operating budget and announces the annual corporate assessment rate in July.
The NCUA’s 2011 Annual Report, posted Tuesday on the regulator’s website, details an agency and industry steadily recovering from the recession.