NCUA Board finalizes 2024-2025 and Central Liquidity Facility Budgets

by Esteban Camargo, CUSO Magazine

Following its October budget proposal and subsequent commenting period, the NCUA Board has approved the 2024-2025 and Central Liquidity Budgets.

In October, the NCUA had proposed a substantial increase to its Operating budgets for 2024, up nearly $38 million from $344 million in 2023 to $382 million in 2024, an 11.0% increase.

The response from trade groups and credit unions alike was swift: the proposed budget increases were too high.

NCUA has in turn reduced its final budgeted amount for 2024’s Operating budget to $374.5 million, an 8.8% increase over 2023.

 

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