NASCUS CEO observes the credit union community says the NCUA must correct a flawed OTR system.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
The NCUA's vice chairman says a biennial budget with twice annual reviews and adjustments would improve transparency.
Comment period will begin in January after the OTR is published in the Federal Register.
The NCUA evokes attorney-client privilege in keeping internal OTR legal docs private.
NASCUS fires back to the agency's claim that some OTR materials are exempt from the Freedom of Information Act.
Newly-released overhead transfer rate documents require public comment, supervisory association affirms.
Legal analysis says the NCUA must open its overhead transfer rate up for public comment. OTR now 72% of NCUA budget.
A combination of growth in assets and a decrease in the overhead transfer rate means an 0.24% increase to the NCUA’s 2013 operating fee scale for federal credit unions with more than $1 million in assets, according to a Letter to Federal Credit Unions posted on the regulator’s website.
ALEXANDRIA, Va. — The NCUA has marginally reduced its take from the NCUSIF to fund operations and slightly boosted what it charges credit unions.