NCUA Sets Budget Briefing for Oct. 18

September 2017
NCUA Sets Budget Briefing for Oct. 18

Draft Budget Available Week of Oct. 2; Deadline for Comments Oct. 27

ALEXANDRIA, Va. (Sept. 12, 2017) – The National Credit Union Administration will hold a public briefing on its proposed 2018–2019 budget on Wednesday, Oct. 18, from 2 p.m. to 4 p.m. Eastern in the agency’s boardroom in Alexandria, Virginia.

“We continue our commitment to budget transparency.” NCUA Board Chairman J. Mark McWatters said. “The NCUA needs to be accountable to credit unions for the use of their money, and this public briefing is a key component to how we fulfill our commitment. While final budget decisions remain with the Board, we look forward to hearing constructive comments from stakeholders. The NCUA intends to continue its prudent stewardship of its finances, but suggestions for ways to make improvements will always be considered.”

The agency plans to release its draft 2018-2019 budget during the week of Oct. 2 to give interested parties ample time to review the document prior to the briefing.

Anyone wishing to provide the NCUA with written comments for the record to the proposed 2018–2019 budget will have until Friday, Oct. 27, at 5 p.m. Eastern to submit those to the agency. When the agency releases details of the proposed budget in October, it also will provide the briefing agenda as well as contact information for requesting attendance and submitting comments.

People who wish to present comments at the Oct. 18 budget briefing must submit a request to the agency, accompanied by their written remarks, by Oct. 13 at 5 p.m. Eastern. The agency will work to accommodate attendance requests but cannot guarantee all those making requests will be able to present.

The NCUA will provide a livestream broadcast of the proceedings through its website for those unable to attend in person.

Board Member J. Mark McWatters
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