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NCUA’s 2022 Draft Budget Gets Pushback, Even From the Board

The agency released its 2022-2023 draft budget proposal which calls for a 1.2% increase over 2021.

Details of the proposed 2022-2023 NCUA Operating Budget. Details of the proposed 2022-2023 NCUA Operating Budget.

This week, the NCUA published its draft budget proposal for 2022-2023. The proposed budget of $345.3 million is a 1.2% increase over the 2021 budget – and credit union organizations and even NCUA board members were quick to raise concerns.

Inside the proposed budget was a decrease of $13.1 million to the capital budget (a 30.7% decline from 2021), an $8.5 million travel budget (a 69.7% increase from 2021), a $6.2 million Share Insurance Fund administrative budget (a 21.7% decrease from 2021) and the proposed addition of 48 new full-time agency staff members.

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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