Credit union representatives on Thursday knocked the NCUA for increasing its budget even as the impact of the financial crisis has abated and the number of credit unions has dropped.
Since 2006, the number of credit unions has dropped 25%, while the NCUA budget has doubled, NAFCU President/CEO B. Dan Berger told the agency board.
"This type of budget growth is unsustainable and unjustified," he said. "Fewer credit unions should mean a smaller budget." Berger called on the agency to specifically examine those offices that have asked for the largest increase.
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