The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union share (deposit) insurance fund briefing.
This will be the second consecutive year in which the NCUA Board will consider the budget of the Central Liquidity Facility (CLF) separately from the agency’s other budgets. Last year, acting in its capacity as the facility’s board, the NCUA Board approved a CLF budget of $2.12 million for 2024.
Next week’s National Credit Union Share Insurance Fund (NCUSIF) briefing will be the first provided since September. During the Sept. 19 open board meeting, staff reported a fund equity ratio of 1.28% as of June 30 and projected it would remain there at year-end. It said total insured shares had grown $37.4 billion in the first half of the year, to a total of $1.758 trillion.
The agency holds its 2025-2026 budget briefing Nov. 22, one day following the board meeting. That briefing will focus on the agency’s three other budgets – operating budget, share insurance fund budget, and capital budget. Overall, the NCUA proposes a 2025 budget of $443 million over all three funds, up 12.2% from 2024. It proposes another 8.2% increase for 2026.
Next week’s board meeting begins at 10 a.m. Members of the public may attend in person or view the meeting online.
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