Credit union regulator looks to push 2022 budget growth slightly higher than previous year

A $345.3 million 2022 proposed budget was posted Wednesday by the federal credit union regulator; a public briefing is set for Dec. 8, the agency said.

According to the National Credit Union Administration (NCUA), the agency’s budget for next year is 1.2% higher than the previous year’s. However, components of the overall spending plan show significant changes from the previous year. For example, the agency’s capital budget (which funds such things as purchases of new equipment) is down 30.7% from the previous year (for a total of $13.1 million). The administrative budget for the National Credit Union Share Insurance Fund (NCUSIF) is down by 21.7% (to $6.2 million) from the previous year.

The agency also said it would hold a public budget briefing on Dec. 8, starting at 2 p.m. ET; the briefing will be live-streamed via the Internet.

The final budget is scheduled to be considered for approval at the Dec. 16 open meeting of the agency board.

NCUA Posts 2022-2023 Proposed Budget, Sets Dec. 8 Public Briefing