Last week, the NCUA board (which we should note is still run solely by Board Chairman Kyle Hauptman) passed the final version of its 2026 and 2027 budget. The final budget included adjustments requested by commenters, many of whom were in favor of budget reductions.
The adjustments between the submitted September draft and the final approved budget are as follows:
- 2026 Operating Budget decreases by $3.6 million
- 2027 Operating Budget decreases by $9.0 million
- 2026 Capital Budget increases by $6.0 million
- 2027 Capital Budget decreases by $10.3 million.
- 2026 and 2027 Share Insurance Fund Administrative Budgets remain the
same
“I’m proud to deliver a NCUA budget unlike any in recent history,” Chairman Hauptman said. “It’s different mainly in that it’s much smaller than in prior years, but it’s also different in that it directly helps credit unions do what NCUA wants them to do: stay financially solvent.”
America’s Credit Unions’ new President and CEO, Scott Simpson, responded in support of the budget reductions, stating, “We appreciate the NCUA Board’s vote to pass a budget that reflects a meaningful effort to reduce costs on credit unions and respond to long-standing concerns about regulatory expenses. A more disciplined budget that prioritizes the agency’s core mission of safety and soundness is in the best interest of credit unions and the members they serve. Continued transparency and smart modernization will be important to ensure the NCUA can carry out its responsibilities efficiently and effectively to protect credit unions.”
You can review the entire budget here.
