ALEXANDRIA, Va. – NCUA’s draft budget for 2025–2026 is now available on the agency’s website for review and comment, the agency announced.
NCUA has also submitted the proposed budget for publication in the Federal Register, and the comment period remains open until November 27.
The proposed combined 2025 budget is $433.0 million, a 12.2% increase from the 2024 budget. The 2025 combined staff draft budget is $0.3 million lower than the 2025 funding level previously approved by the NCUA Board as part of the two-year 2024–2025 budget.
The NCUA’s 2024–2025 staff draft budget justification includes three separate budgets. The proposed operating budget is $419.3 million, which is 12% higher than in 2024. The proposed 2025 capital budget is $8.2 million, or 32.6% higher than in 2024. The proposed Share Insurance Fund administrative budget is $5.5 million, or 7% higher than in 2024, NCUA said.
America's Credit Unions reacted to NCUA's budget figures.
"The 12.2% increase in the NCUA draft budget is sounding the alarm – NCUA’s new spending can’t go unchecked without finding corresponding savings elsewhere," said America's Credit Unions President/CEO Jim Nussle. "For the second straight year, the NCUA has proposed double-digit budget increases. These year-after-year increases are unnecessary and unsustainable. The regulator should prioritize being a good steward of the money coming in from our hardworking industry and the consumers who rely on credit unions' safe and affordable financial services. Members can rest assured knowing America's Credit Unions is combing through the proposed budget and accompanying documentation so we are armed with facts if given the opportunity to testify."
Look To Agency's Website
The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page on NCUA’s website.
The agency will hold a public budget briefing at its Central Office on Friday, Nov. 22, beginning at 10 a.m. ET. The meeting will be livestreamed on NCUA.gov.
To comment on the proposed budget:
- Submit comments on Docket # NCUA-2024-0135 at the Federal eRulemaking Portal by November 27
- Comments should provide specific, actionable recommendations
To request to present at the November 22 budget briefing:
- Email your request to BudgetBriefing@ncua.gov by November 13
- 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 1 p.m. Eastern on November 18
The NCUA Board will consider the 2025–2026 budget at its December meeting, NCUA noted.