NCUA Report - December 2011

DECEMBER 2011 NUMBER 12

WWW.NCUA.GOV

HIGHLIGHTS

2 Chairman’s Corner What a Difference a Year Makes

NCUA BOARD APPROVES 5.1 PERCENT
BUDGET INCREASE FOR 2012
Increase Less than Half of 2011 Growth Rate;
No Share Insurance Fund Premium for 2011

3 Board Actions

4 Board Perspectives Member Business Loan Waivers Available NCUA Budget Talk

5 Rulemaking Calendar

6 NCUA Makes Progress with Consumer Financial Protection Bureau

7 Free Video Can Help Small Credit Unions Succeed

8 The 12-Month Exam Cycle—Impact on the Field

10 NCUA’s Redesigned Websites Cater to Different Audiences

The NCUA Board approved Nov. 17 the agency’s 2012 budget with a 5.1 percent increase over 2011. The increase is less than half the 12–13 percent budget growth rates in recent years. NCUA Board Chairman Debbie Matz also announced there would be no NCUSIF premium charged for 2011 and a projected reduction to the 2012 premium range down to 0– 6 basis points.

“We produced a strong NCUA budget at less than half the prior years’ growth rate, while still funding key initiatives related to supervision and examinations,” said Chairman Matz. “The NCUA budget is a valuable investment in the safety and soundness of credit unions. By paying $48 million in NCUA budget increases in 2010 and 2011, the industry was spared $1.5 billion in losses to the Share Insurance Fund.

So, the budget investments that credit unions have made in NCUA these past few years are paying off.” The $236.9 million budget took into account several factors, achieving the lowest budget increase of the past four years:

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Alexandria, Va. — NCUA Board Chairman Debbie Matz and NTEU President Colleen Kelly sign a new collective bargaining agreement that freezes pay and controls costs.