NCUA Posts 2024-2025 Proposed Budget, Sets Nov. 16 Public Briefing

Agency Accepting Comments and Budget Briefing Presentation Requests

ALEXANDRIA, Va. (Oct. 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. The draft budget has also been submitted for publication in the Federal Register, and the comment period is open until November 21.

Your League has been an active participant in the NCUA's budget review and comment process, providing written comments and testimony from League President/CEO Carrie Hunt.

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 on Thursday, Nov. 16, beginning at 2 p.m. Eastern. The meeting will be livestreamed on NCUA.gov.

View the entire press release