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NCUA draft budget estimates $298.2M in spending for 2018
NCUA on Friday released its discussion draft budgets for 2018 and 2019, which
project $298.2 million and $302.8
million in spending, respectively. NAFCU is reviewing the documents, which are
online and accessible to the public now.
"NAFCU and our members appreciate NCUA Chairman J. Mark McWatters and NCUA Board Member Rick Metsger's leadership and continued commitment to greater transparency regarding the budget process," said NAFCU President and CEO Dan Berger. "We will review the budget in detail, and look forward to relaying feedback during the Oct. 18 briefing."
The agency had said its budget plans would be released this week so stakeholders could review them before the budget briefing, which is set for 2 p.m. to 4 p.m. Eastern Oct. 18.
The NCUA started NAFCU-requested public budget briefings last year. NAFCU President and CEO Dan Berger spoke during last year's briefing and noted concerns over the agency's ever-increasing budget and how the NCUA should be looking to find cost savings wherever possible.
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