NCUA posts 2024-2025 proposed budget, sets November 16 public briefing
Agency accepting comments and budget briefing presentation requests
ALEXANDRIA, VA (October 26, 2023) — The National Credit Union Administration’s staff draft budget for 2024–2025 is now available on the agency’s website for review and comment(opens new window). The draft budget has also been submitted for publication in the Federal Register, and the comment period is open until November 21.
The proposed combined 2024 budget is $394.5 million, or 9.5 percent higher than the 2023 budget. The proposed operating budget is $382.1 million, which is 11 percent higher than in 2023. The proposed 2024 capital budget is $7.3 million, or 35.6 percent lower than in 2023. The proposed Share Insurance Fund administrative budget is $5.1 million, or 3.6 percent higher than in 2023. The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page on NCUA.gov.
The agency will hold a public budget briefing at its Central Office Thursday, November 16, beginning at 2 p.m. Eastern. The meeting will be livestreamed on NCUA.gov.
To comment on the proposed budget:
To request to present at the November 16 budget briefing:
- Email your request to BudgetBriefing@ncua.gov by November 3.
- 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.
- Email a copy of your presentation to BudgetBriefing@ncua.gov by 5 p.m. Eastern on November 8.
The Board is scheduled to approve a final budget at its December 14 open meeting.
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.
