Wednesday, June 8, 2016

Cost Per NCUA Employee at 2016 Training Event Up Over 21 Percent from 2014 Event

While the National Credit Union Administration (NCUA) was busy patting itself on the back for “Making a Difference” training program coming in below budget and below the cost of the 2014 National Training Conference, a careful review of the numbers shows that cost per employee attending the event went up.

The “Making a Difference” training program, held between April 4 and April 15 in Denver, came in $404,121 below its Board-approved budget. This was a savings of 18 percent. In addition, the amount spent on the 2016 training event was 6.7 percent below the expenditures for the 2014 event.

However, fewer employees attended the 2016 training conference than 2014. NCUA reported 1,242 employees attended the 2014 conference. In comparison, 954 employees attended the 2016 event. Attendance was down almost 23 percent between the 2014 and 2016 events.

This means the actual cost per employee was $1,539 for the 2014 event versus $1,869 for the 2016 event. In other words, cost per employee went up over 21 percent between the 2014 and 2016 event.

If the cost per employee came in at the 2014 level, the cost of the 2016 event would have been $1,468,206 instead of the actual cost of $1,782,999.

Read the press release


  1. So, it costs $1.8M and 954 folks to determine Melrose is not a CAMEL 5.
    Now THATS "making a difference"!

  2. And they gave each other awards for obtaining settlements against various banks but refuse to share with the peons any details about the actual NET settlement to the NCUA. What a bunch of piss ants.



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