NCUA to Shed Over 20% of Staff Through Buyouts, Agency Says (1)

The National Credit Union Administration expects to lose as many as 257 staff members, or more than 20% of its employees, through voluntary buyouts as part of the Trump administration’s bid to slash the federal workforce.

The workforce reduction will be “manageable,” NCUA Executive Director Larry Fazio said at a board meeting Thursday.

“We’re going to manage this through modest and sensible adjustments,” Fazio said, noting the agency is planning to carry out staff reassignments, temporary promotions, and other measures to maintain key functions.

No voluntary separation applications were denied, he added.

But NCUA Chairman Kyle Hauptman acknowledged the agency ...