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NCUA Board members during the meeting on Dec. 17, 2024.In less than an hour, two important issues were unanimously approved by the NCUA Board during the final meeting of 2024. The two issues: The agency’s 2025-2026 operating budgets and the final rule on credit union succession planning.
In a 3-0 vote, Board members approved the $395.4 million Operating, Capital and National Credit Union Share Insurance Fund administrative budget for 2025, and a $419.5 million budget for 2026. That’s a year-over-year increase of 2.5% for 2025 and a 6.1% increase for 2026 – which is 10% less than the staff-proposed budget for 2025 and nearly 2% less than the 2026 proposed budget.
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