WASHINGTON, DC (November 12, 2013) -- As the National Credit Union Administration (NCUA) considers its fiscal year 2014 budget, which it is expected to release at its November board meeting, National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger continues to press NCUA Chairman Debbie Matz to be vigilant in managing expenses in 2014 and to employ cost-saving measures to keep the agency’s operating budget at or below 2013 levels.
“NAFCU encourages the NCUA to look carefully at what works within the agency and reprioritize any current resources that can be used more effectively,” wrote Berger, in a letter to Matz on Oct. 18. “Credit unions themselves are still in the process of recovering from the economic downturn and are finding ways to trim and retool their staffing to accommodate additional compliance burden.”
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