CUNA very concerned NCUA is bolstering budget, not reducing expenditures

WASHINGTON, D.C. (November 20, 2014) — Jim Nussle, President and CEO of the Credit Union National Association (CUNA) released the following statement after the National Credit Union Administration Board approved the agency’s 2015 budget 2-1:

“The Credit Union National Association remains very concerned that the National Credit Union Administration Board has increased its budget yet again. Rather than reducing expenditures, the Agency has continued to bolster its budget for eight straight years. Based on my own experience in building budgets, I know that monitoring and modernizing resources to maximize funds – which credit unions have been doing – are among the most effective methods for containing costs. NCUA is not following a similar path and that’s a concern for me and credit unions. CUNA will continue pressing the agency to be more efficient with credit unions’ funds.”

About CUNA
With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America’s credit unions, which are owned by 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit or follow @CUNA on Twitter. For more information about credit unions, visit and follow @asmarterchoice on Twitter. Visit the CUNA Press Room for a full listing of media mentions, press releases and resources to stay informed on current events within the credit union industry.

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