The National Credit Union Administration (NCUA) released its proposed 2025-2026 budget of $433 million which is a 12% increase over its 2024 budget. The increase includes a 12% increase in its operating budget, a 32% increase in its capital budget, and a 7% increase in its share insurance fund administrative budget. In response to the proposed budget, America’s Credit Unions CEO Jim Nussle said, “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. For the second straight year, the NCUA has proposed double-digit budget increases. These year-after-year increases are unnecessary and unsustainable.” Nussle went on to say, “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.”
The NCUA posted on their website a 2025/2026 Budget Justification on their website and the comment deadline is November 27th.
