The NCUA spends too much money.
That's the message of the letters sent to NCUA Chairman Debbie Matz by CUNA President/CEO Dan Mica and NAFCU President/CEO Fred Becker, in response to the agency's recently approved $200.9 million budget for 2010, a 13% increase over this year.
Mica complained about the 6.5% increase in merit pay and locality adjustments and also urged the agency to spell out how it plans to reduce its budget when the current economic crisis has passed.
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