NCUA Board Approves Budget; Receives Update on Share Insurance Fund

Board Action Bulletin

Alexandria, VA (December 18, 2025) ― The National Credit Union Administration Board held its seventh open meeting of 2025 and received a briefing on the agency's operating budgets for 2026-2027. The Board was also briefed on the performance of the National Credit Union Share Insurance Fund (Share Insurance Fund) for the third quarter of 2025.

2026-2027 Budget Approved

The Board approved NCUA's Operating, Capital, and Share Insurance Fund administrative expenses budgets for 2026 and 2027.

"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."

Combined, the 2026 Operating, Capital, and Share Insurance Fund administrative expenses budgets will be $316.2 million, including 967 staff positions. This is $79.2 million lower and 288 positions fewer than the 2025 combined budgets. The 2026 operating fee rate is 24.65 percent lower than the 2025 budget. The combined budget for 2027 is $325.3 million, with a steady state of 967 staff positions. This is $19.3 million lower than the 2027 staff draft budget.

Additional information on the NCUA's budget can be found on the Budget and Supplementary Materials page on NCUA.gov.

Number of CAMELS Code 4 and 5 Credit Unions Decrease in Third Quarter

The Acting Chief Financial Officer briefed the NCUA Board on the performance of the Share Insurance Fund for the quarter ending on September 30, 2025. The Share Insurance Fund reported a net income of $100.4 million and $163.5 million in total income for the third quarter of 2025. The Share Insurance fund also reported $24 billion in assets for the third quarter of 2025.

Additionally, for the third quarter of 2025:

• The number of composite CAMELS code 3 credit unions increased from 667 to 668.
  • Assets for these credit unions decreased from $198.2 billion in the second quarter to $184 billion in the third quarter.
• The number of composite CAMELS codes 4 and 5 credit unions decreased from 122 in the second quarter to 118 in the third quarter.
  • Assets for these credit unions decreased from $14.6 billion to $14 billion.

As of the end of the third quarter of 2025, two federally insured credit union failures cost the Share Insurance Fund approximately $7 million in losses. The third quarter figures are preliminary and unaudited.

Additional information on the performance of the Share Insurance Fund is available on the NCUA's website.

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