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NCUA lobby Lobby of the NCUA.

The NCUA’s draft budget of $345.3 million for 2022 faces an uphill climb to be approved in its current form. On Wednesday for nearly three hours, the NCUA held a public briefing on its proposed budget, and board members heard testimony from those mostly against the increases for travel and the addition of 48 new employees next year.

Inside the proposed budget was a decrease of $13.1 million to the capital budget (a 30.7% decline from 2021), a $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.

Michael Ogden

Editor-in-Chief for CU Times.

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