NCUA to Host Public Briefing on Budget on Oct. 18

ALEXANDRIA, Va.– NCUA said it will hold a public briefing on its proposed 2018–2019 budget on Wednesday, Oct. 18, from 2 p.m. to 4 p.m. ET at its headquarters here.

The agency said it will 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.

J. Mark McWatters

“We continue our commitment to budget transparency.” NCUA Board Chairman J. Mark McWatters said in a statement. “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.

Anyone who wishes 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 said it will work to accommodate attendance requests but cannot guarantee all those making requests will be able to present.

A livestream broadcast of the proceedings will be made available through its website at www.ncua.gov

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