Removing Barriers Blog

NCUA releases proposed budget
Posted November 15, 2020 by CUNA Advocacy

NCUA’s proposed 2021–2022 budget is now available for review and comment. The proposed budget summary and detailed budget justification are available on the Budget and Supplementary Materials page of NCUA.gov. Comments must be emailed to NCUA at BudgetComments@ncua.gov by Dec. 11.

The agency will hold a public budget briefing on Wednesday, Dec. 2 beginning at 10 a.m. (ET).

“CUNA is currently reviewing the details of the proposed budget with a focus on ensuring the methodology used to fund NCUA operations is consistent with fairness to state and federal credit unions and the Federal Credit Union Act," said Elizabeth Eurgubian, CUNA deputy chief advocacy officer. "We look forward to submitting our comments for consideration and presenting at the agency’s virtual briefing and appreciate the opportunity from NCUA to do so.”

The draft 2021 operating budget is $315.6 million, 0.1% lower than the 2020 budget.

The NCUA Board is scheduled to approve a final budget at its Dec. 17 open meeting.