NCUA plans budget briefing – with public comment welcome

June 15, 2016 -- A briefing will be held in October on the NCUA’s proposed 2017–18 budget and will include an opportunity for the public to comment on the agency’s spending plan, Board Chairman Rick Metsger announced today.

Speaking before the National Association of Federal Credit Unions’ annual conference in Nashville, Metsger said the budget briefing would be “more comprehensive than the briefings previously held by the agency” including, for example, release of more details on the proposed budget before the briefing, “so stakeholders can review and analyze the information before they participate.” The NCUA Chairman said the all those who participate in the briefing “will be heard.” But he added that the Board still has the responsibility, under the law, to make the final decisions.

Metsger told the group that the briefing is part of “my commitment to implement Continual Quality Improvement across all aspects of NCUA’s operations.” Last month, Metsger announced a comprehensive review of its examination and supervision process. In a release, NCUA also pointed out that the NCUA Chairman has created a working group to field stakeholder suggestions and report its recommendations on the exam review to the Board in September.

Press release: NCUA to hold budget briefing