NCUA Board Chairman Debbie Matz said at Friday's Open Forum the agency will likely eliminate some full time staff positions in the 2016 operating budget.
However, Matz also said she expected the agency's overall operating budget to increase even if the agency cuts positions, because it will have to make capital expenditures to update systems.
She said the agency began to update its systems five years ago, but then the downturn hit and the work had been postponed. She pointed specifically to the agency's Automated Integrated Regulatory Examination System as one that needed updating.
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.
