X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. – NASCUS and Boeing Employees’ Credit Union have chosen different tactics to address the issue of federally insured state-chartered credit unions’ growing frustration with the overhead transfer rate. Despite their different strategies, NASCUS President/CEO Doug Duerr said, “Boeing Employees’ Credit Union’s decision to petition the NCUA to introduce transparency and equity into its overhead transfer decisions reflects the persistent and rising frustration with the overhead transfer status quo.it indicates that many credit unions believe the time for negotiations is passing rapidly.” NASCUS, in its history of opposing the agency’s overhead transfer rate policy, has addressed the matter through private discussions with NCUA and consensus building among credit union and credit union associations. The association argues that the overhead policy disadvantages state-chartered credit unions “which pay the full cost of supervision without the benefit of rebate from the insurance fund,” said NASCUS. -

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.