Responding to complaints from the chief executives of CUNA and NAFCU, NCUA Chairman Debbie Matz said the agency's budget is "wholly appropriate," in light of the challenges that the industry faces.
She wrote both CUNA President/CEO Dan Mica and NAFCU President/CEO that the $200.9 million budget, a 13% increase from 2009, "balances the need for additional supervision while the industry is under duress with a recognition that credit union resources are limited."
Matz also responded to specific issues raised by Becker and Mica.
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