NCUA posts 2023–2024 Proposed Budget, sets October 19 Public Briefing
Agency Accepting Comments and Budget Briefing Presentation Requests
ALEXANDRIA, VA (September 30, 2022) — The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for review and comment. The staff draft budget has also been submitted for publication in the Federal Register, and the comment period is open until October 28, 2022.
The proposed combined 2023 staff draft budget is $367.0 million, or 8.1 percent higher than the 2022 budget. The proposed operating budget is $350.8 million, which is 9.6 percent higher than in 2022. The proposed 2023 capital budget is $11.2 million, or 14.1 percent lower than in 2022. The proposed Share Insurance Fund administrative budget is $4.9 million, or 21.5 percent lower than in 2022. The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page(opens new window) on NCUA.gov.
The agency will hold a public budget briefing at its Central Office on Wednesday, October 19, 2022, beginning at 10 a.m. Eastern. The meeting will be livestreamed on NCUA.gov.
To Comment on the Proposed Budget:
To Request an In-Person Presentation at the October 19 Budget Briefing:
- Email your request to BudgetBriefing@ncua.gov by October 12, 2022.
- Include the presenter’s name, title, affiliation, mailing address, email address, and telephone number.
- The Board Secretary will notify approved presenters and give them their allotted presentation times.
For those approved to present at the budget briefing, written statements and presentations must be sent to BudgetBriefing@ncua.gov by 5 p.m. Eastern on October 14, 2022. In addition to delivering remarks at the budget briefing, registered presenters will have the opportunity to pose questions about the budget to NCUA staff.
The Board will consider a final budget at an open meeting later this year.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
