The 2025-2026 operating budgets – combined totals of $395.4 million and $419.5 million, respectively – of the National Credit Union Administration (NCUA) were approved Tuesday by the agency board on a unanimous vote of 3-0.
The operating budget for 2025 will be $382.3 million, of which 38.3% will be paid with operating fees assessed on federal credit unions (FCUs). The National Credit Union Share Insurance Fund (NCUSIF), through the “overhead transfer rate” (or OTR, which covers fund-related expenses), will pay the remaining 61.7% of that budget. This OTR is unchanged from 2024, the agency said.
(The NCUA typically issues a Letter to Federal Credit Unions in January of the budget year that details the fee schedule; individual invoices are provided in March, with fees due in April.)
The budget action also included approval of a 2025 capital budget of $7.4 million and a share insurance fund administrative expenses budget of $5.7 million. A total of 1,255 staff positions were approved – up from 1,247 for 2024, but down from the 1,261 proposed. The NCUA said the 2025 combined budget and staff positions are $37.7 million and six positions lower than were proposed in the staff draft budget. It added that the operating fee that will be assessed on FCUs is 1.2% lower than in the draft.
For 2026, the approved combined budget of $419.5 million and 1,263 staff positions are is $49 million and nine positions lower than the 2026 staff draft budget, the NCUA said.
The agency said the year-over-year increase in the 2025 budget is now 2.5%, or 10 percentage points less than initially proposed. The approved 2026 budget – operating, capital, and SIF administrative expenses – will mean a year-over-year increase of 6.1%, less than the 8.2% shown in the draft budget. The agency noted also that the amount of the 2026 combined budget could change next year, as the board’s practice is to revisit each year’s budget before the budget year begins.
NCUA Board Approves 2025–2026 Budget; Succession Planning Final Rule
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