Markets Wired

Agency Now Accepting Comments and Requests to Attend Budget Briefing

ALEXANDRIA, Va. (Oct. 14, 2016) – A detailed summary of the National Credit Union Administration’s 2017–2018 budget proposal is now available online, and the agency is accepting comments as well as requests to attend its Oct. 27 budget briefing.

“NCUA continues to provide a level of budget transparency that is considerably more than any other federal financial institutions regulator,” NCUA Board Chairman Rick Metsger said. “We post our budget documents on our website, and the summary of the staff-proposed budget will give stakeholders an early look at what the Board will consider later this year. The briefing itself offers another level of engagement, and we are taking comments online, as well. While final decisions always remain with the Board, stakeholders can contribute ideas in advance for the Board’s consideration.”

A detailed description of the budget proposal that will be discussed at the upcoming budget briefing is available on the agency’s
budget resource center.

NCUA will accept written comments on the proposed budget by email at
BudgetComments@ncua.gov until 5 p.m. Friday, Nov. 4. Comments should provide specific, actionable recommendations rather than general remarks about the size or structure of the budget.

The Oct. 27 budget briefing will be held in the NCUA Board meeting room beginning at 2 p.m. Eastern and run for approximately two hours. Due to space considerations, a limited number of people will be able to sit in the Board room, but an overflow room will be available with a livestream from the briefing. The livestream also will be available through a link on
ncua.gov.

If you wish to attend the briefing and deliver a statement, you must email a request to
BudgetBriefing@ncua.gov before noon Eastern on Thursday, Oct. 20. Your request must include your name, title, affiliation, mailing address, email address, and telephone number.

NCUA will work to accommodate as many public statements as possible. Prior to the briefing, NCUA will contact those we are able to accommodate to confirm the amount of time they will have available.

If you wish to attend the briefing and you are not making a presentation, you will be admitted on a first-come, first-served basis beginning at 1 p.m. Eastern on the day of the briefing. Attending the monthly open Board meeting, scheduled to begin at 9 a.m. Eastern on Oct. 27, does not automatically guarantee you a seat in the budget briefing.