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NCUA Seeks Comments on Proposed Budget; League Will Seek to Testify

Authored By: Lewis Wood on 10/10/2022

NCUA is seeking public comment on its proposed budget and League President/CEO Carrie Hunt is asking to testify on behalf of Virginia-based credit unions. Your League will also be submitting written comments on the budget proposal.

Requests to deliver an in-person statement at the budget briefing must be received on or before October 12, 2022. Written statements and presentations for those scheduled to appear at the budget briefing must be received on or before 5 p.m. Eastern, Oct. 14, 2022. Written comments without public presentation at the budget briefing may be submitted by Oct. 28, 2022.

The NCUA Chief Financial Officer will present the staff draft budget at a budget briefing open to the public and scheduled for Wednesday, October 19, 2022, at 10:00 a.m. Eastern at the NCUA headquarters building, 1775 Duke Street, Alexandria, Virginia 22314. Interested parties unable to attend in person may visit the agency's homepage (www.ncua.gov) to access the provided webcast link.

If you wish to participate in the briefing and deliver a statement, you must email a request to BudgetBriefing@ncua.gov by October 12, 2022. Your request must include your name, title, affiliation, mailing address, email address, and telephone number. Statements must be delivered in person at the briefing. The NCUA will work to accommodate as many public statements as possible at the October 19, 2022 budget briefing.

The Board Secretary will inform you if you have been approved to make a presentation and you will be allotted five minutes during the budget briefing to deliver your remarks. A written copy of your statement must be delivered to the Board Secretary via email at BudgetBriefing@ncua.gov by 5 p.m. Eastern, Oct. 14, 2022.

In addition to delivering their remarks at the budget briefing, registered presenters will be provided the opportunity to ask questions of NCUA staff about the staff draft budget. The initial round of questions will be limited to 5 minutes per presenter, and one subsequent round of questions, limited to 5 minutes per presenter, may be permitted by the Chairman if time allows.

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