ARLINGTON, Va.—The 2023 NCUA Operating Fee Calculator has been released by NAFCU.
The calculator will allow credit unions to find out how the NCUA’s current proposed budget for 2023-2024 will affect their bottom lines, NAFCU explained, adding that any changes to the NCUA’s final budget will change the estimate.
The NCUA proposed operating budget for 2023 is 10% higher than 2022. As CUToday.info has reported, NAFCU President and CEO Dan Berger has expressed opposition to the proposed budget increase, “particularly at a time when credit unions need all available resources to help their members deal with the effects of natural disasters and the highest inflation in recent history,” according to the trade group.
NAFCU it will be testifying at the agency’s upcoming budget hearing next week to express its opposition to the increase, which would be the largest increase in over a decade.
CUToday.info will have full coverage.
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