September 26, 2025
The NCUA posted a proposed 2026-2027 budget on its website
for review and comment. The proposed combined 2026 budget, drafted by staff, is
$313.8 million. That’s a 20.6% decrease from the 2025 budget. According to the
NCUA, it will issue a notice about a public hearing on the budget on a future
date.
Three main drivers contribute to the reduction in proposed 2026 budget levels:
- 23%
percent reduction to NCUA staffing levels;
- 34.1%
reduction to contracted services budgets, and
- 13.4%
reduction in budgets for employee travel.
“Credit unions have long been concerned about
year-after-year budget increases at the NCUA, without any clear justification.
A 20% reduction in the proposed 2026 budget is significant, and America's
Credit Unions appreciates the NCUA for considering ways it can operate more
efficiently. While most of the reduction correlates to reduced staffing and
travel, we will continue to monitor the impacts on credit union supervision to
ensure safety, soundness, and efficiency remain high,” said Curt Long, America's
Credit Unions chief economist.
The NCUA’s 2026–2027 staff draft budget justification includes
three separate budgets. The proposed operating budget is $292.4 million. The
proposed 2026 capital budget is $18.1 million, which includes $10 million for
implementation of the NCUA’s reorganization plan for 2026 along with investment
in systems to increase efficiency and meet other administration priorities. The
proposed Share Insurance Fund administrative budget is $3.3 million.
The proposed budget summary and detailed budget
justifications can be found on the Budget
and Supplementary Materials page on NCUA’s website.
Comments are due to the agency by Oct. 24, and the agency
states comments “should provide specific, actionable recommendations related to
NCUA’s staff draft budget.” America’s Credit Unions will provide comments on
the draft budget.
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