CUNAPresident/CEO Bill Cheney and NAFCU President/CEO Fred Becker areboth urging the NCUA to make the agency's budget increase evensmaller or maybe even not rise at all.

Both leaders said thateven though the $236.8 million budget approved by the NCUABoard onThursday represents a 5% increase (compared to lastyear's 12% increase) that is still too much given the challengingeconomic climate.

Cheney saidin a statement that the agency's “limited attempts to contain costsare small steps in the right direction.'' He added that CUNA willkeep “insisting'' that the NCUA keep containing costs in light ofthe fact that the number of credit unions it supervises isdecreasing.

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