Agency Funding Expected At November NCUA Board Meeting
ALEXANDRIA, Va. -- A number of substantive issues are "on deck" for the upcoming NCUA Board meeting.
November has traditionally been the month where agency funding is discussed. A final budget for the agency is expected to be approved, as well as federal credit unions' operating fees and the overhead transfer rate. NCUA had released a proposed budget last month during a briefing representing a 0.82% increase in the budget. The agency staff had also put forth a reduction in the OTR from 57% to 54% and a decrease in operating fees, likely between 2% and 4%.
Additionally, NAFCU said it hopes to see a final share insurance sign after the FDIC released its sign at the last agency meeting.