NCUA, which for months has come in for sharp industry attacks on its corporate and assessment policies, was the object of more heat this week from an ad hoc group of 32 CEOs and credit union executives submitting a complaining petition to Congressional committees.
The group, calling itself the "Credit Union Committee on Declaration of Grievances" and listing its complaints in a seven-page letter, demanded lawmakers "make needed changes" and bring NCUA under tighter control.
The grievances covered a broad range and also took other federal agencies to task for excessive regulation. They hit particularly hard at the 8% increase for NCUA employees and what it said is a 12% overall agency budget increase coming at a time when the rest of the country undergoes "recession and sacrifice."
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