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NCUA Sets Budget Briefing for Oct. 27

September 2016
NCUA Sets Budget Briefing for Oct. 27

Draft Budget Available Week of Oct. 9; Deadline for Comments Nov. 4

ALEXANDRIA, Va. (Sept. 7, 2016) – The National Credit Union Administration will hold a public briefing on its proposed 2017–2018 budget on Thursday, Oct. 27, from 2 p.m. to 4 p.m. Eastern in the agency’s boardroom in Alexandria, Virginia.

“We have made a commitment to greater transparency as part of the Continual Quality Improvement initiative, and this briefing is part of how we’re fulfilling that commitment,” NCUA Board Chairman Rick Metsger said. “While final budget decisions remain with the Board, we want to hear the constructive comments stakeholders can bring to the table. This agency remains a prudent steward of its finances, but we always can consider suggestions for ways to make improvements.”

The agency plans to release its draft budget during the week of Oct. 9 to give interested parties ample time to review the document prior to the briefing.

Because meeting space is limited, people who wish to attend the briefing in person, whether or not they plan to present comments at that time, must submit a request to the agency within one week following the release of the draft budget. The agency will work to accommodate attendance requests but cannot guarantee all those making requests will be able to attend.

NCUA will provide a livestream broadcast of the proceedings through its website for those unable to attend in person.

Anyone wishing to provide written comments suggesting specific changes to the proposed 2017–2018 budget will have until Friday, Nov. 4, at 5 p.m. Eastern to submit those to the agency. NCUA will provide more details, including the briefing agenda and structure as well as contact information for requesting attendance and submitting comments, when budget details are released in October.

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