CUNA statement on 2017-2018 NCUA budget proposal
WASHINGTON, DC (October 14, 2016) — Ryan Donovan, CUNA chief advocacy officer, released the following statement regarding the National Credit Union Administration’s draft budget for 2017-2018:
“As promised by Chair Rick Metsger, the NCUA just unveiled its proposed budget for 2017-2018 to give credit union stakeholders a chance to review it before the agency holds its first budget briefing since 2008. Unfortunately the proposed 2017 budget reflects 2.8% increase, or $8.2 million, from the 2016 Board Approved Budget with an estimate for 2018 of $313.1 million. We are disappointed that NCUA’s budget continues to increase.
“While we appreciate seeing some of the materials in advance, we hope there is more to come so that the public can fully evaluate how credit union fees are being spent. CUNA and our state credit union league partners have long advocated to bring back transparency to the budget process.”
“CUNA is reviewing the budget proposal and will have detailed comments, and will attend the Oct. 27 public briefing.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
