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Video CUTs: Matz Says Settlement, Improving Economy Killed Corporate Assessment

JP Morgan settlement a great holiday present, Matz says.

By Nicholas Ballasy | Updated on November 22, 2013

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.”

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