WASHINGTON – In what many expected to be a contentious hearing turned out to be a rare moment of agreement between NCUA Chairman Debbie Matz and Board Member Mark McWatters.
During Thursday's mid-year budget review, McWatters reiterated the need for the NCUA to be cautious with credit union dollars and allow for public comment on budget items two weeks prior to a budget meeting. He read from a statement that was nearly identical to the one he read at November's budget meeting; in response, Matz argued that complaints voiced in November have been largely resolved.
"I know in your November comments, you suggested that there are 11 items that you need more transparent. I'm under the impression that we have completed eight of those," Matz said at the hearing, noting that one of the items wasn't relevant to the budget.
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