NCUA budget hike costs CUs;Becker: NCUA budget hike costly |

Nov. 15, 2012 – NAFCU President and CEO Fred Becker said the NCUA Board's approval today of a troubling, 6.1 percent budget increase for 2013 will be too costly for credit unions, which fund the agency budget and are still dealing with fallout from the housing downturn and ensuing financial crisis.
The two-member board voted unanimously in approving a 6.1 percent increase in next year's operating budget to a total of $251.4 million. Of the $14.5 million increase, $12.8 million is for a 7.5 percent increase in pay – provided the president approves an increase in the general schedule pay scale. Other factors in this increase is full funding of the agency’s 1,261.5 full-time equivalents, a staffing figure that will not change in 2013. READ MORE > Becker: NCUA budget hike costs CUs;Becker: NCUA budget hike costly | NAFCU