ALEXANDRIA, Va. — NCUA approved a 0.81% budget increase last week for 2007, but planned ahead for a larger increase in 2008, while knocking down federal credit unions' operating fees and the overhead transfer rate from the NCUSIF.
The approved $152,016,840 budget for 2007 represents a $1.2 million increase over the 2006 budget, or just 0.81%. The agency plans to maintain staffing, measured in full-time equivalents at 958. NCUA's budget contains an average 3.1% merit increase, impacting the budget by $2.6 million. Employee pay and benefits account for approximately 75% of the agency's budget.
Looking ahead to 2008, the agency is anticipating a budget of $157,678,517.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
