The NCUA will remain open even as much of the federal government is shut down, agency officials said, as credit unions prepared to help federal employees hurt by the budget impasse.
“The NCUA is an independent agency of the federal government, and its operating budget comes from fees charged to credit unions and to the National Credit Union Share Insurance Fund,” the agency said.
And while CFPB officials have not made any public comments about their operation, the bureau is funded through drawdowns from the Federal Reserve. As such, it also is not subject to the annual appropriations process.
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