NCUA regulates, charters and supervises all federal credit unions, and insures the deposits in all federally insured credit unions. Each year, the NCUA Board considers and approves a budget to support these activities. For 2013, the Board approved a $251.4 million budget with no increase in total employees.
To develop the budget, NCUA uses zero-based budgeting where every projected expense is justified. The rate of 2013 budget growth is slower than the projected increase in industry assets.
NCUA is committed to providing transparency to the public about the agency’s budget. The materials below include the Board Action Memorandum and accompanying slides presented at the November 15, 2012, Board meeting as well as summary information and other historical trends related to the agency’s budget.
2013 Budget Documents
2013 Overhead Transfer Rate and Operating Fee