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NCUA Posts 2019-2020 Proposed Budget, Sets Oct. 17 Public Briefing

Agency Now Accepting Comments and Budget Briefing Presentation Requests

ALEXANDRIA, Va. (Sept. 26, 2018) – The National Credit Union Administration’s proposed 2019-2020 budget is available for review and comment.

“The NCUA remains committed to a fully transparent and accountable budget process,” NCUA Board Chairman J. Mark McWatters said. “We appreciate thoughtful, specific suggestions from stakeholders on making the most efficient and effective use of the resources credit unions provide. While final decisions always remain with the Board, receiving and reviewing public comments is an important part of our process.”

The NCUA posted the proposed budget summary and detailed budget justification on the Budget and Supplementary Materials page of NCUA.gov and will publish the proposal in the Federal Register. The proposed 2019 operating budget is $304.4 million and includes a decrease of 10 positions from the authorized 2018 staffing levels.

The public comment period is open until Oct. 26. The agency will hold a budget briefing on Oct. 17 at 10 a.m. Eastern in its Central Office boardroom. The briefing will be livestreamed on NCUA.gov. Individuals attending the briefing will be admitted on a first-come, first-served basis beginning at 9 a.m. Eastern. An overflow room will be available.

The Board is scheduled to approve a final budget at its Nov. 15 open meeting.

To comment on the proposed budget:

  • Email your comments to BudgetComments@ncua.gov by Oct. 26.
  • Comments should provide specific, actionable recommendations.

To request a presentation at the Oct. 17 budget briefing:

  • Email your request to BudgetBriefing@ncua.gov by Oct. 9.
  • Include the presenter’s name, title, affiliation, mailing address, email address, and telephone number.
  • The Board Secretary will notify approved presenters and give them their allotted presentation times.
  • Email a copy of your presentation to BudgetBriefing@ncua.gov by Oct. 15.


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.

--NCUA--

Office of Public & Congressional Affairs

703.518.6330
pacamail@ncua.gov

Contacts:

John Fairbanks
Office: 703.518.6336
Mobile: 571.438.0801
jfairbanks@ncua.gov

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223
bhardaway@ncua.gov

Kenzie Snowden
Office: 703.518.6334
ksnowden@ncua.gov

"Protecting credit unions and the consumers who own them through effective regulation"

9/26/2018 12:44 PM