NCUA Budget and Share Insurance Fund

Impact
The National Credit Union Administration (NCUA) is funded by credit unions and their 110 million members, without taxpayer funding through the Congressional Appropriations process.  Credit unions deserve an open and transparent budgeting process.
Where We Stand

CUNA continues its work to ensure the methodology used to fund NCUA's operating budget is established and consistent with fairness to state and federal credit unions and the Federal Credit Union Act and only support those expenses to the National Credit Union Share Insurance Fund that are legitimate substantiated “insurance-related costs.”  

In July, NCUA announced plans to close two (of their existing five) regional offices and would restructure field operations to improve efficiency. 

At the NCUA's September Board meeting, the Board voted to close the Corporate Stabilization Fund (TCCUSIF) and will begin the process of rebating credit unions in 2018.  CUNA strongly advocated for the closure of this fund and will be working closely with the NCUA as they distribute funds back to credit unions.  

 

What We've Told Lawmakers & Regulators
Show All
Research

The Case Against an NCUSIF Premium in 2017
Credit Union National Association
December 2016

 

 

Contact

Related Issues