The draft budget justification detailing the federal credit union regulator’s plans for an overall 9.5% increase in its budget in 2024, and another 9.9% increase for 2025, is out for public comment until Nov. 21.
The NCUA will be funding its three budgets overall: operating, capital, and National Credit Union Share Insurance Fund administration. The three combined represent a budget total of approximately $394.51 million, up from the 2023 budget total of $360.4 million. In 2025, the agency expects to raise its total budget to $433.6 million.
The budget justification was released last month and published in Wednesday’s Federal Register. A public briefing on the budget is scheduled Nov. 16.
Reg Lookup: The NCUA Staff Draft 2024-2025 Budget Justification