However, Fryzel said that situation has been remedied.

“We have the examiners we need to properly monitor credit unions to make sure that if there are going to be losses out there, we minimize those losses to the Share Insurance Fund so I would like to see it kept at the same head level,” he said.

NCUA Board Member Rick Metsger said there were requests from various departments at the agency for positions that the board rejected as part of the mid-year budget. Metsger said the board would likely consider adding those positions in next year's budget.

“We're very careful – as you've noticed over the last few years – about that budget to make sure we have the tools necessary to meet our statutory responsibilities but we take a fine tooth comb to that and we'll do that again in November,” said Metsger.

According to the board action memorandum, the two requested positions were not examiners, but instead help the agency meet new demands. The first position would report to the Office of Inspector General and support a substantial increase in congressionally mandated requests and an influx in mandatory audits from legislation such as the Dodd-Frank Act. The second position would support the new Office of Continuity and Security Management to handle increased workload associated with new requirements for all federal agencies.

Fryzel reminded credit unions that there would not be a check coming in the mail after the agency's mid-year budget adjustment.

“Sometimes they get this thought in their mind that there's going to be a check in the mail coming back to them for what they paid. That's not going to happen. We're the federal government. Once we take the money, we never give it back – that's just way it works,” said Fryzel, adding that the amount will be deducted from the total budget next year.