NCUA approves budget, revises operating fee schedule methodology
The NCUA Board adopted a final 2024-2025 budget at its Thursday meeting. The approved budget is roughly $8.8 million lower than the proposed 2024 budget. Specifically, compared to the proposed budget, the final 2024 budget reflects the following:
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Reduction of operating budget by $7.6 million and one position;
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Reduction of capital budget by $1.2 million; and
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Increase of Share Insurance Fund administrative expenses budget by $6,000.
The final budget includes the addition of 27 positions, which is one less than included in the proposed budget. However, compared to the proposed budget the approved budget includes four additional examiner positions. Several other positions included in the proposed budget were either eliminated or moved from 2024 to 2025.
