The National Credit Union Administration (NCUA) Board has approved the agency’s budgets for 2026 and 2027, while also receiving a briefing on the National Credit Union Share Insurance Fund’s performance during the third quarter of 2025.
Chairman Hauptman commented on the budget changes, stating, “I’m proud to deliver a NCUA budget unlike any in recent history. 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.“
For 2026, the combined Operating, Capital, and Share Insurance Fund administrative expenses budgets total $316.2 million with 967 staff positions. This represents a reduction of $79.2 million and 288 staff positions compared to the previous year’s combined budgets. The operating fee rate for 2026 will be nearly one-quarter lower than that of 2025. For 2027, the combined budget is set at $325.3 million with staffing remaining steady at 967 positions. This figure is $19.3 million less than what was proposed in the draft budget for that year.
The breakdown for each year includes:
– Operating expenses: $288.7 million (2026), $312 million (2027)
– Capital expenses: $24.1 million (2026), $8.2 million (2027)
– Share Insurance Fund administrative expenses: $3.3 million (2026), $5.2 million (2027)
Further details about these budgets are available on NCUA’s Budget and Supplementary Materials page.
During its meeting, the Board also received an update from its Acting Chief Financial Officer regarding the Share Insurance Fund’s third-quarter results for 2025. The fund reported net income of $100.4 million and total income of $163.5 million during this period, with assets totaling $24 billion as of September 30.
In terms of credit union health as measured by CAMELS ratings—a system used by regulators—there was a slight increase in composite code 3 institutions from 667 to 668 between quarters; however, their total assets fell from $198.2 billion to $184 billion over the same period.
More notably, there was a decrease in higher-risk composite codes 4 and 5 credit unions from 122 to 118 during the third quarter, with associated assets dropping from $14.6 billion to $14 billion.
As of September’s end, two federally insured credit union failures resulted in approximately $7 million in losses for the Share Insurance Fund during this quarter; these figures are considered preliminary and unaudited.
Additional information on both budgeting and fund performance can be found at www.ncua.gov.
The NCUA is an independent federal agency responsible for regulating and supervising federal credit unions across the United States and operates an insurance fund covering deposits for more than 143 million account holders nationwide.
