The NCUA on Friday released a proposed 2018 operating budget totaling $298.2 million, a $6.1 million boost from the 2017 level.

That represents a 2.1% increase from 2017. 

"The 2018-2019 budget proposal is another step in our broader effort to re-align our resources with the mission of the agency to meet the needs of an evolving credit union system in a cost-effective manner while continuing to protect the safety and soundness of the system and the Share Insurance Fund," said NCUA board Chairman J. Mark McWatters, in releasing the document. 

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