The NCUA'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:
- Submit comments on Docket # NCUA-2023-0117 at the This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Federal eRulemaking Portal (Opens new window) by November 21.
- Comments should provide specific, actionable recommendations.
To request to present at the November 16 budget briefing:
- Email your request to BudgetBriefing@ncua.gov by November 8.
- 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 9 a.m. Eastern on November 13.
The Board is scheduled to approve a final budget at its December 14 open meeting.