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Town Hall

NCUA/CFPB Town Hall Meeting Summary

NCUA/CFPB Town Hall Meeting Summary

On February 8, the CFPB held a joint Town Hall Meeting with NCUA, which was webcast. NCUA will not be archiving it for several weeks, so we wanted to provide a short summary.

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NCUA Virtual Town Hall



NCUA staff held a virtual town hall meeting last week to provide an update on the agency’s activities and answer questions from participants.

Here are a few highlights from the webinar:

  • NCUA budget: The Board will approve the 2012 budget on November 17, which is expected to be a “single digit increase.” Chairman Matz stated that NCUA’s recent budget increases, which allow the agency to utilize a 12-month exam cycle and examine all credit unions of at least $250 million, likely saved federally insured credit unions $1.5 billion.

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