NCUA Board to Deal with Assessments, Budget and Charter Change at Meeting
NCUA officials are scheduled to explain the reasoning behind their assessment estimates for next year and the NCUA Board is slated to vote on the agency’s budget for next year at the board’s meeting next Thursday.
NCUA Chairman Debbie Matz announced Wednesday that the agency is projecting that next year’s assessment for the rescue of corporate credit unions will be between 8 and 11 basis points. The assessment for the NCUSIF will be between zero and 7 basis points but the agency hopes that there won’t have to be one, Matz said.
Matz said the expected budget increase will be in the “single digits.”
The board is also slated to discuss an application by Indianapolis-based Finance Center FCU to change its community charter. The credit union has assets of $390 million.
In addition, NCUA CFO Mary Ann Woodson is scheduled to give a report on the health of the NCUSIF and the Temporary Corporate Credit Union Stabilization Fund.
The meeting is scheduled to take place at 9 a.m. Thursday at the agency’s headquarters in Alexandria, Va.
The full agenda is online.