The NCUA board votes on its 2025-2026 budget and a final rule on succession planning next Tuesday, according to its agenda.

The proposed 2025 budget is a 12.2% increase over 2024, and the 2026 budget grows an additional 7.5%, America’s Credit Unions was joined by GoWest Credit Union Association and Defense Credit Union Council (DCUC) in sharing significant concerns with the NCUA’s proposed 2025-2026 budget at the agency’s public briefing.  America’s Credit Unions Head of Emerging Issues/Deputy Chief Economist Curt Long called the budget increases an “unnecessary and unsustainable administrative expansion that credit unions should not have to bear,” and the organization outlined concerns in written comments filed with the agency.

Long also examined the NCUA’s budget in detail in a recent Economic Update.

Regarding the succession planning rulemaking, the rule would require credit unions to establish and adhere to processes for succession planning.

America’s Credit Unions Regulatory Advocacy Senior Counsel Luke Martone called the proposal “wholly inappropriate” as a regulation but noted it may be helpful to some credit unions as guidance. The organization’s comment letter expressed these concerns and offered recommendations, based on feedback from numerous member credit unions. In partnership with state leagues, more than 150 credit unions also submitted comment letters.

America’s Credit Unions will monitor the board meeting and keep members updated on any developments.