ALEXANDRIA, Va.—The NCUA board will be hosting two meetings this week: a budget briefing and its regularly scheduled board meeting.
On Wednesday, the agency will host the briefing for its 2023 budget. NCUA earlier announced a proposed combined 2023 staff draft budget of $367.0 million, an 8.1% increase from the 2022 staff budget. NCUA’s proposed operating budget is $350.8 million, which is 9.6% higher than in 2022.
The proposed 2023 capital budget is $11.2 million, or 14.1% lower than in 2022. The proposed Share Insurance Fund administrative budget is $4.9 million, or 21.5% lower than in 2022, NCUA said.
The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page on NCUA.gov.
The credit union trade associations, which oppose the size of the budget increase, will have representatives testifying during the budget briefing, which is scheduled for 10 a.m. ET. CUToday.info will have coverage.
Issues for Board Meeting
Separately, on Thursday, the board meeting will include a briefing on cybersecurity as well as the state of the Central Liquidity Fund. The board will also hear a statement on NCUA risk appetite.
The meeting will be live streamed starting at 10 a.m. ET at NCUA.gov. CUToday.info will also provide complete coverage.
The board will also hear a statement on NCUA risk appetite.
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