NCUA’s proposed 2020–2021 budget is now available for review and comment. The proposed budget summary and detailed budget justification are available on the Budget and Supplementary Materials page of NCUA.gov, and comments will be accepted through Dec. 2.
“We will review the details of the proposed budget with a lens that ensures the methodology used to fund NCUA operations is consistent with fairness to state and federal credit unions and the Federal Credit Union Act," said Elizabeth Eurgubian, CUNA deputy chief advocacy officer. "We look forward to submitting our comments for consideration and presenting at the public briefing, and appreciate the opportunity from NCUA to do so. ”
The proposed 2020 operating budget is $316.2 million and includes an increase of three positions from the authorized 2019 staffing levels.
The agency will hold a public budget briefing on Nov. 20, beginning at 10 a.m. (ET), at its Central Office in Alexandria, Va. The briefing will be livestreamed on NCUA.gov.
Attendees will be admitted on a first-come, first-served basis beginning at 9 a.m. (ET). An overflow room will be available.
To Comment on the Proposed Budget:
To Request a Presentation at the Nov. 20 Budget Briefing:
The NCUA Board is scheduled to approve a final budget at its Dec. 12 open meeting.