ALEXANDRIA, Va. – The NCUA Board Chairman Debbie Matz told Credit Union Times that the $268 million 2014 NCUA budget is "lean, reasonable and very defensible," despite a 6.7% increase from 2013.
"Our budget is produced through a zero-based process, so every office starts with zero and has to defend every item and every line in their budget," Matz said on Thursday in an interview after the NCUA board meeting at the agency's headquarters. "That's scrutinized at various levels, including the board, and the board sends it back over and over again until we feel that we have a budget that is as efficient and as lean as possible, but that provides the resources that we need to do the job."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
