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Metsger Announces 2017 Budget Briefing
Thursday, June 16, 2016 6:45 AM

The NCUA will accept comments from credit union stakeholders on the proposed 2017–2018 budget at a briefing in October, Chairman Rick Metsger announced Wednesday at NAFCU's annual conference.

“As part of my commitment to implement continual quality improvement across all aspects of [the] NCUA’s operations, the agency will hold a briefing on the draft budget,” Metsger said. “This budget briefing will be more comprehensive than the briefings previously held by the agency. For example, we will release more details on the proposed budget before the briefing, so stakeholders can review and analyze the information before they participate.”

Everyone who participates in the budget briefing will be heard, Metsger said, but the NCUA board still has the responsibility to make a final decision on expenditures to fulfill its mandate under the Federal Credit Union Act to protect the safety and soundness of the credit union system, the NCUSIF and the more than $1 trillion of members’ accounts.

CUNA President/CEO Jim Nussle called the budget briefing a big win for credit unions.

"Along with our partners at the state leagues, we’ve been working with the agency to host a forum for stakeholders to weigh in and present their views on the budget. We appreciate Chairman Metsger making this important change for which we have long advocated," Nussle said in a release.