ALEXANDRIA, Va. — The NCUA board approved a $236.8 million budget for the agency next year, a 5.1% increase from 2011.
The spending plan, which the board supported unanimously at its Nov. 17 meeting, includes funds for 33 new employees, 26 of which will be for examination-related positions. The new staff will include people with specialties in lending, capital markets, information systems, supervision and troubled institutions. The budget funds 1,259.5 full-time equivalent positions.
The budget increases spending in all major categories except for administrative costs. The largest costs are employee pay and benefits, which represents 72% of the budget, and travel, which represents 11%.
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