Capital Corner: What is Washington’s “new normal?”

Based on the events of recent months, with international crises and congressional upheavals dominating the news, it would seem that the “abnormal” is now normal. What does it say about the federal government when a Member of Congress pulls a fire alarm to prevent a vote in the House of Representatives?

Despite all this, work is still being done. DCUC is following these issues of importance to our defense credit union members:

It’s budget season at NCUA

Sources inside NCUA say the budget that will be proposed by Chairman Harper at the November’s Board meeting will include a 9.5% total increase. Last year was in the 7% range. It sounds like much of the cost will be related to new hires, as well as a new consumer compliance focused exam program aimed at credit unions in the $3-$10 billion range (details forthcoming).


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