NCUA Chairman Debbie Matz was the lone witness during Thursday's congressional hearing. Here she explains that while the NCUA budget has increased in recent years, it has dropped significantly since 2000.

WASHINGTON – NCUA Chairman Debbie Matz likely picked a bone with credit union executives Thursday during her testimony at a Congressional hearing with the House Financial Services Committee’s subcommittee on financial insitutions.

While being questioned by Rep. Mick Mulvaney (R-S.C.), Matz said not only once, but twice, that she doesn’t believe that credit unions represent their members, even after being asked by Mulvaney to clarify if that’s what she meant.

Do credit unions represent their members?
Yes No Depends on the credit union. Other Please Specify:

Quiz Maker


Mulvaney repeatedly asked Matz who the credit unions do represent, to which she finally answered, “I can’t answer that. You’ll have to ask them.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.