Is Consumer Compliance Trumping Safety and Soundness at NCUA?

Mark Treichel
Oct 30, 2023
1 min read

𝗡𝗖𝗨𝗔 𝗕𝘂𝗱𝗴𝗲𝘁 𝗥𝗼𝘂𝗴𝗵 𝗝𝘂𝘀𝘁𝗶𝗰𝗲 𝗧𝗵𝗼𝘂𝗴𝗵𝘁 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗗𝗮𝘆 - 𝗪𝗢𝗥𝗗 𝗦𝗘𝗔𝗥𝗖𝗛

The billboard poses the question:

Is Consumer Compliance More Important than Safety & Soundness?😱

How Might Someone Reach that Conclusion? I did a word search on the use of certain phrases in NCUA's (shrinking) 64 page Budget Justification.

𝗣𝗵𝗿𝗮𝘀𝗲 𝗧𝗜𝗺𝗲𝘀 𝗨𝘀𝗲𝗱

𝗦𝗮𝗳𝗲𝘁𝘆 𝗮𝗻𝗱 𝗦𝗼𝘂𝗻𝗱𝗻𝗲𝘀𝘀 𝟭

𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝟲

𝗗𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗜𝘀 𝟲 𝗧𝗶𝗺𝗲𝘀 𝗠𝗼𝗿𝗲 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗵𝗮𝗻 𝗦𝗮𝗳𝗲𝘁𝘆 𝗮𝗻𝗱 𝗦𝗼𝘂𝗻𝗱𝗻𝗲𝘀𝘀? 𝗢𝗳 𝗰𝗼𝘂𝗿𝘀𝗲 𝗻𝗼𝘁.

𝗗𝗼𝗲𝘀 𝗶𝘁 𝗺𝗲𝗮𝗻 𝗡𝗖𝗨𝗔'𝘀 𝗕𝗼𝗮𝗿𝗱 𝗼𝗿 𝗦𝘁𝗮𝗳𝗳 𝗶𝘀 𝗰𝘂𝗿𝗿𝗲𝗻𝘁𝗹𝘆 𝗺𝗼𝗿𝗲 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗼𝗻 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲?

𝗣𝗼𝘀𝘀𝗶𝗯𝗹𝘆.

𝗔𝘀 𝗿𝗲𝗰𝗲𝗻𝘁𝗹𝘆 𝗮𝘀 𝟮𝟬𝟮𝟭 𝘁𝗵𝗲 𝗡𝗖𝗨𝗔 𝗕𝘂𝗱𝗴𝗲𝘁 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗳𝗼𝗰𝘂𝘀𝗲𝗱 𝗺𝗼𝗿𝗲 𝗼𝗻 𝘀𝗮𝗳𝗲𝘁𝘆 𝗮𝗻𝗱 𝘀𝗼𝘂𝗻𝗱𝗻𝗲𝘀𝘀 (𝗺𝗲𝗻𝘁𝗶𝗼𝗻𝗲𝗱 𝟲 𝘁𝗶𝗺𝗲𝘀 𝗶𝗻 𝟮𝟬𝟮𝟭 𝘃𝘀 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘄𝗵𝗶𝗰𝗵 𝘄𝗮𝘀 𝗺𝗲𝗻𝘁𝗶𝗼𝗻𝗲𝗱 𝟰 𝘁𝗶𝗺𝗲𝘀).

𝗪𝗼𝗿𝗱𝘀 𝗺𝗮𝘁𝘁𝗲𝗿.

𝗛𝗲𝗿𝗲'𝘀 𝘁𝗵𝗲 𝗿𝗲𝗮𝗹𝗶𝘁𝘆. 𝗡𝗖𝗨𝗔 𝗶𝘀 𝗲𝗹𝗶𝗺𝗶𝗻𝗮𝘁𝗶𝗻𝗴 𝗴𝗲𝗻𝗲𝗿𝗹𝗶𝘀𝘁 𝗲𝘅𝗮𝗺𝗶𝗻𝗲𝗿𝘀 𝗮𝗻𝗱 𝗮𝗱𝗱𝗶𝗻𝗴 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀 (𝗺𝗼𝗿𝗲 𝗼𝗻 𝘁𝗵𝗶𝘀 𝘁𝗼 𝗳𝗼𝗹𝗹𝗼𝘄)

𝗠𝘆 𝗡𝗲𝘅𝘁 𝗕𝘂𝗱𝗴𝗲𝘁 𝗧𝗵𝗼𝘂𝗴𝗵𝘁 𝘄𝗶𝗹𝗹 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝘁𝗵𝗲𝘀𝗲 𝗻𝗲𝘄 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗘𝘅𝗮𝗺𝗶𝗻𝗲𝗿𝘀 𝗺𝗶𝗴𝗵𝘁 𝗶𝗺𝗽𝗮𝗰𝘁 𝘆𝗼𝘂𝗿 𝗲𝘅𝗮𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘆𝗼𝘂𝗿 𝗰𝗿𝗲𝗱𝗶𝘁 𝘂𝗻𝗶𝗼𝗻.

𝗣𝗦 - 𝘁𝗵𝗲 𝘄𝗼𝗿𝗱 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗮𝗽𝗽𝗲𝗮𝗿𝘀 𝟮𝟭 𝘁𝗶𝗺𝗲𝘀 𝗮𝗻𝗱 𝘁𝗵𝗲 𝘄𝗼𝗿𝗱 𝘀𝗮𝗳𝗲 𝗮𝗽𝗽𝗲𝗮𝗿𝘀 𝟭𝟮 𝘁𝗶𝗺𝗲𝘀...

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