Removing Barriers Blog

November NCUA Board Meeting Agenda
Posted November 09,2017 by CUNA Advocacy

The National Credit Union Administration (NCUA) published the Agenda for its November 2017 Board Meeting, which will be held at NCUA headquarters in Alexandria, Virginia at 10:00 a.m. on Thursday, November 16. Included on the Agenda:

  1. Corporate Stabilization Fund Quarterly Report.
  2. Final Rule, Part 704, Corporate Credit Unions. 
  3. NCUA’s 2018 – 2019 Operating Fund Budget.
  4. Overhead Transfer Rate Methodology.

On September 1, CUNA issued a comment letter on the Proposed Rule regarding Corporate Credit Unions: https://www.cuna.org/Legislative-And-Regulatory-Advocacy/Track-Regulatory-Issues/Pending-Regulatory-Changes/2017/Corporate-Credit-Union-Proposal/ 

CUNA continues to maintain that although the NCUA-proposed 60% overhead transfer rate, higher than years 2008 through 2013, represents a large increase for federal credit unions, the portion of the percent of budget funded by the OTR and operating fee is lower and absent spikes or frequent large changes in the OTR, presents a reasonable approach.