Credit union representatives on Thursday knocked the NCUA for increasing its budget even as the impact of the financial crisis has abated and the number of credit unions has dropped.

Since 2006, the number of credit unions has dropped 25%, while the NCUA budget has doubled, NAFCU President/CEO B. Dan Berger told the agency board.

"This type of budget growth is unsustainable and unjustified," he said. "Fewer credit unions should mean a smaller budget." Berger called on the agency to specifically examine those offices that have asked for the largest increase.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.