NCUA Board Chairman Debbie Matz said at Friday's Open Forum the agency will likely eliminate some full time staff positions in the 2016 operating budget.
However, Matz also said she expected the agency's overall operating budget to increase even if the agency cuts positions, because it will have to make capital expenditures to update systems.
She said the agency began to update its systems five years ago, but then the downturn hit and the work had been postponed. She pointed specifically to the agency's Automated Integrated Regulatory Examination System as one that needed updating.
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