NCUA Posts 2020–2021 Proposed Budget, Sets Nov. 20 Public Briefing

Agency Now Accepting Comments and Budget Briefing Presentation Requests

ALEXANDRIA, Va. (Oct. 29, 2019) – The National Credit Union Administration’s proposed 2020–2021 budget is now available for review and comment.

“Careful stewardship of the resources credit unions make available to us includes being transparent and accountable,” NCUA Board Chairman Rodney E. Hood said. “We strive to make credit union stakeholders aware of how and why we allocate those resources and that they are in the service of our mission to provide, through effective, not excessive, regulation, a safe-and-sound system of cooperative credit. Final budget decisions remain with the Board, and we want those decisions to be informed by public comments. We hope stakeholders review this information and offer specific suggestions on our proposed budget.”

The proposed 2020 operating budget is $316.2 million and includes an increase of three positions from the authorized 2019 staffing levels. The proposed budget summary and detailed budget justification are available on the Budget and Supplementary Materials page of NCUA.gov. The agency will also publish the proposal in the Federal Register. The public comment period is open until Dec. 2.

The agency will hold a public budget briefing on Nov. 20, beginning at 10 a.m. Eastern, at its Central Office in Alexandria, Va. The briefing will be livestreamed on NCUA.gov. Attendees will be admitted on a first-come, first-served basis beginning at 9 a.m. Eastern. An overflow room will be available.

To Comment on the Proposed Budget:

To Request a Presentation at the Nov. 20 Budget Briefing:

  • Email your request to BudgetBriefing@ncua.gov by Nov. 12.
  • Include the presenter’s name, title, affiliation, mailing address, email address, and telephone number.
  • The Board Secretary will notify approved presenters and give them their allotted presentation times.
  • Email a copy of your presentation to BudgetBriefing@ncua.gov by 5 p.m. Eastern on Nov. 18.

The Board is scheduled to approve a final budget at its Dec. 12 open meeting.

IR Press

Share
Published by
IR Press

Recent Posts

Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…

4 days ago

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

4 days ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

5 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

5 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

5 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

5 days ago