ALEXANDRIA, Va. – NCUA’s proposed 2019-2020 budget is now available for review and comment, the agency announced, saying it will hold a public briefing.
The NCUA has 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 staffi
“The NCUA remains committed to a fully transparent and accountable budget process,” NCUA Board Chairman J. Mark McWatters said in a statement. “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.”
In response to the announcement, Lucy Ito, president of NASCUS said, "While we are continuing to analyze the budget proposal, we are encouraged that NCUA is continuing its recent practice of holding a public budget hearing. We look forward to carefully reviewing the proposal and engaging with NCUA, as appropriate."
The public comment period is open until Oct. 26. The agency will hold a budget briefing on Oct. 17 at 10 a.m. ET 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. ET. An overflow room will be available, the agency said.
- The Board is scheduled to approve a final budget at its Nov. 15 open meeting.
- NCUA outlined the comment process:
- Email 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 the 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 the presentation to BudgetBriefing@ncua.gov by Oct. 15