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Washington
Annual NCUA budget briefing Oct. 30
ALEXANDRIA, Va. (10/16/08)—Credit unions and the general public are invited by the National Credit Union Administration (NCUA) on Oct. 30 to offer oral or written statements on the agency’s proposed 2009 budget. The NCUA will hold its eighth annual Budget Briefing and Public Forum on that date. The forum provides the opportunity for credit unions to engage with NCUA staff in the formulation of the agency's budget. NCUA Chairman Michael Fryzel, announcing the forum date, encouraged credit unions to take the opportunity of the public session to collaborate with NCUA staff in finalizing the 2009 operating budget. The Credit Union National Association (CUNA) plans to present its views. The 2009 budget is likely to be unveiled by the agency next month. At last year’s briefing, the NCUA proposed a $156.5 million 2008 operating budget, which was 2.97% greater than 2007 spending. Participants who wish to present oral statements at the 10 a.m. open briefing should contact the secretary of the NCUA Board to register. Each registered participant will be allotted 10 minutes to present their statement. Requests to participate must be received by October 23. Due to time restraints, NCUA reserves the right to select witnesses; however, the agency said it will make every effort to accommodate all requests and ensure a broad range of views. Participants submitting written comments must file a “Budget Briefing and Public Forum – Comment” by November 7 to be considered. Mail comments and participation requests to Mary Rupp, Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314, fax 703-518-6319, or email regcomments@ncua.gov.
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