NCUA Lowers Overhead Transfer Rate, Hikes Operating Fee: Onsite Coverage
ALEXANDRIA, Va. — The NCUA Board on Thursday marginally reduced the amount the agency takes from the NCUSIF to fund its operations and somewhat increased the amount it charges federally chartered credit unions.
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Debbie Matz and Michael Fryzel voted to approve an overhead transfer rate of 59.1%, a small decrease from the 59.3% that the agency used in 2012. The overhead transfer rate is the amount of its budget that the agency takes from the NCUSIF to fund its oversight and management of the fund.