NCUA Chairman Kyle S. Hauptman Closing Remarks at the November 2025 Budget Hearing

As Prepared for Delivery on November 5, 2025

Thank you all for taking the time to participate in today's Budget Hearing.

I want to give a special thank you to Acting Chief Financial Officer Melissa Lowden and her team for their work on the upcoming budget.

I also want to thank each of the stakeholders who spoke today. Your candor, collaboration, and willingness to share recommendations on the NCUA's 2026-2027 staff budget is greatly appreciated.

Lastly, I want to thank NCUA staff for their engagement on this topic and the input they've provided in these last months. This agency is in a rare position to choose its priorities and a new direction. And our team is rising to the occasion by sharing their knowledge and developing new skills as we transition.

As we move toward finalizing the budget in the upcoming weeks, we will carefully review all feedback shared during today's meeting, feedback provided by NCUA staff, and comments submitted through Regulations.gov.

Please remember that there is still time to submit comments through Regulations.gov until November 7, 2025.

That concludes our budget hearing. Thank you all for attending.