ALEXANDRIA, Va.-Saying it was part of a broader "effort to provide greater transparency," NCUA last week posted additional information about its 2013 budget on its website.

The newly posted budget documents are available online.

"The NCUA Board is committed to providing comprehensive, easily accessible data about the agency's budget," said NCUA Board Chairman Debbie Matz in a released statement. "We worked very hard to hold the line on staffing and expenditures in 2013 while providing the resources the agency needs to do its job-protecting the industry, credit union members and the Share Insurance Fund."

At its November board meeting the NCUA Board approved a $14.5-million spending increase for 2013, almost all of it to fund proposed compensation increases for its 1,200 employees. The increase in employee compensation, which includes salaries and other benefits connected to salaries, accounts for $12.8 million of the $14.5-million spending increase (CU Journal, Nov. 19, Nov. 26).

The $251.4-million budget represents a 6.1% increase over 2012's spending and compares to spending increases of 5.1% in 2011, 12% in 2010, and 13% in 2009, as NCUA beefed up to deal with the resolution of the corporate credit union crisis and numerous big failures.

NCUA said the average federal credit union between $10 million and $100 million in assets will pay $19.32 more in operating fees in 2013. The board has waived the operating fee for federal credit unions with less than $1 million in assets.

In response to the additional budget information NCUA is making available, CUNA CEO Bill Cheney released a statement saying, "The release of additional information by NCUA about its budget is a positive step that can shed more light on the agency's allocation of resources-which we appreciate. Further, the disclosure by the agency that it plans to make available to credit unions more information regarding its budget process is, in our view, movement toward greater transparency and accountability, which CUNA has strongly recommended."


What's Available

Among the new documents online:

* A detailed budget narrative explaining changes in each major budget category, accompanied by graphics showing historical budget level trends, dollar and percentage changes from 2012, and a description of essential spending in each category.

* A detailed pay and benefits narrative, showing expenditures with and without possible congressional approval of a federal employees' pay increase in 2013.

* A chart illustrating the dollar changes in the 2013 budget components by category.

* Graphics detailing trends for the past 14 years in the agency's budget relative to federally insured credit union deposits and assets, as well as the dollar value of federally insured credit union assets per NCUA full-time employee.

* A table contrasting changes in operating fees for federal credit unions in several asset ranges compared to their net income.

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