Sept. 26, 2018

Information Contact:
Shelton Roulhac, Vice President, Communications, sroulhac@nascus.org  or (703) 528-5974

NASCUS PRESIDENT AND CEO LUCY ITO ON NCUA’S 2019 – 2020 BUDGET PROPOSAL

NASCUS appreciates NCUA’s transparent approach to budget; continues to review the proposal

ARLINGTON, Va. – Today, NCUA released its 2019 – 2020 budget. The combined Agency Operating Budget, Capital Budget, and Share Insurance Fund Administrative Budget is $334.8 million for 2019, which is 1.1 percent more than the 2019 funding level approved by the NCUA Board in November 2017, and 4.3 percent more than the comparable 2018 Board approved budget.  

The agency will hold a budget briefing on Oct. 17 and the public comment period is open until October 26.
  
NASCUS President and CEO Lucy Ito issued the following statement in response to today’s developments:  

“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,” said NASCUS President and CEO Lucy Ito. “We look forward to carefully reviewing the proposal and engaging with NCUA, as appropriate."

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.