The NCUA staff draft budget for 2024–2025 is now available on the agency’s website for review and comment. The draft budget has also been submitted for publication in the Federal Register, and the comment period is open until Nov. 21.

The proposed combined 2024 budget is $394.5 million, or 9.5% higher than the 2023 budget. The proposed operating budget is $382.1 million, which is 11% higher than in 2023. 

The proposed 2024 capital budget is $7.3 million, or 35.6% lower than in 2023. The proposed Share Insurance Fund administrative budget is $5.1 million, or 3.6% 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 Nov. 16, beginning at 2 p.m. ET. The meeting will be livestreamed on NCUA.gov.

The board is scheduled to approve a final budget at its December open meeting.