The NCUA board will vote on the agency’s 2017 budget plan at its meeting on Nov. 17.
The board held a briefing on the budget last month. The briefing included panelists from credit union and trade groups—several of whom criticized the budget.
The agency has proposed a 2017 spending plan that would increase its budget 2.8%, roughly $8.2 million for next year. The agency’s 2017 proposed revised operating fund budget would be $299.2 million, with the estimate for 2018 reaching $313.1 million.
The budget represents an increase in spending compared with 2016, but it is $3.8 million less than the amount the NCUA originally estimated it would need next year.
On Nov. 17, the board also will receive a briefing on the 2017 Overhead Transfer Rate and the Share Insurance Fund Equity Ratio Projections and 2017 Premium Range.
The board also will consider a final rule governing the Community Development Revolving Loan Fund and receive a quarterly report on the Share Insurance Fund.
