NCUA Receives Nearly 275 Applications for Voluntary Departures

Nearly 275 employees at a federal credit union regulator applied for buyouts from the agency, according to internal communications obtained by Bloomberg Law.

Most National Credit Union Administration employees had until Monday to apply for one of two options in the agency’s voluntary separation program.

The agency is offering a deferred resignation program, as well as a voluntary separation incentive payment for workers of retirement age. NCUA employees 40 and over have a few extra days to determine whether they want to sign up.

The NCUA had been seeking 217 voluntary separations, or roughly 18% of its workforce, according to ...