ALEXANDRIA, Va.—The GoWest Credit Union Association applauded NCUA’s sharp budget reductions during a public hearing Wednesday here, while urging the agency to preserve key support functions and maintain strong examiner training as it rightsizes its workforce.
Testifying before the NCUA board, GoWest EVP and Chief Advocacy Officer Jennifer Wagner commended the agency’s transparency and steep cost-cutting measures, noting the proposed 23.5% decrease in the 2026 operating budget and a 41.6% reduction in the Share Insurance Fund Administrative Budget. She emphasized that the savings will directly benefit credit unions and their members.
Wagner said credit unions across the GoWest region are already experiencing improved exam efficiencies as the agency streamlines operations.
“Credit union leaders have shared recent examples of improvements in their exam experience including fewer examiners on site, all-remote exams, shorter exam times, and improved pre-exam preparations,” Wagner testified. “I’d be remiss in not recognizing the leadership of Julie Cayse, Western Region Director, for her leadership during this transitionary time.”
While supporting the agency’s focus on efficiency, Wagner urged NCUA to maintain strong staffing and resources within the Office of National Examination and Supervision (ONES) and the Credit Union Resources and Expansion (CURE) office. She said both units play critical roles in ensuring credit unions of all sizes have the regulatory support needed to operate safely and continue providing financial services to millions of members.
“CURE remains a vital resource for small and emerging credit unions by supporting chartering, compliance, and development needs,” Wagner said. “Capacity in this office is crucial to ensuring that credit unions of all sizes can continue to thrive.”
Wagner also called for continued investment in examiner training and requested clarity on new positions proposed under the agency’s chief financial officer’s office, noting that transparency around hiring and structure will be important as NCUA finalizes its reorganization.
The testimony comes as the agency continues major restructuring, driven by government-wide downsizing directives and voluntary staff departures.