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NCUA Document Dump Fails to Satisfy

The agency's budget documents and OTR reports are now online, but many are calling for more information.

By Elizabeth Peace | Updated on July 31, 2015

NCUA transparency, and the question of whether the agency is willing to be more transparent, has been a hot topic for several years for NAFCU, CUNA, NASCUS and, perhaps most notably, NCUA Chairman Debbie Matz and Board Member Mark McWatters.

McWatters has lashed out at the NCUA, stating it has become much less transparent since Matz became chairman. However, Matz said in the last few months, she has made significant improvements in the transparency department. She even told Congress so, and promised that the agency’s line-by-line budget items and overhead transfer rate documents would be posted to its website. The following day, they were indeed online.

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