NCUA Budget Transparency

Impact

The NCUA is funded by credit unions and their more than 110 million members; it makes perfect sense that the agency should be transparent in its annual budget process.  

Where We Stand

Credit unions have been vocal about the seemingly unnecessary increases to the NCUA's annual budget each year.  However, in July, the NCUA announced plans to restructure and improve efficiency to meet future challenges.  CUNA is hopeful the NCUA's plans include a budget that is transparent and dramatically less than in past years, but will continue to analyze the budget from a credit union's perspective ensuring member's money is allocated wisely.   

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