Credit unions can comment on NCUA 2022–2023 draft staff budget

Credit unions can comment on the NCUA’s proposed 2022–2023 draft staff budget until Dec. 9, the agency announced on Wednesday. Credit unions can also participate in a public budget briefing at 2 p.m. on Dec. 8, which will be livestreamed on the NCUA website.

Included in the proposed budget:

  • the proposed combined 2022 budget is $345.3 million, or 1.2% higher than the 2021 budget;
  • the proposed operating budget is $326.6 million, which is 3.6% higher than in 2021;
  • the proposed 2022 capital budget is $13.1 million, or 30.7% lower than in 2021; and
  • the proposed Share Insurance Fund administrative budget is $6.2 million, or 21.7% lower than in 2021.

The proposed budget summary and detailed budget justifications can be accessed on the NCUA website. Instructions on commenting on the proposed budget and requesting a presentation at the Dec. 8 budget briefing can be found here.

The NCUA board of directors is expected to vote on the proposed budget at its Dec. 16 meeting.

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