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ALEXANDRIA, Va.-In a recent Letter to Federal Credit Unions (06-FCU-01), NCUA told federal credit unions impacted by the hurricanes last year that they can apply for an operating fee adjustment to account for any insurance claims on deposit. The agency reminded federal credit unions that March will be the time to look for operating fee invoices and, if necessary, an adjustment for deposit insurance coverage for all credit unions. The operating fee and capitalization deposit adjustment will be based on the assets and insured shares as reported at year-end and will be due April 17. The operating fee scale of natural person credit unions was dropped 1.95% from 2005 and the rate brackets were increased by 4.25% to account for projected federal credit union growth. Corporate credit unions’ operating fee scale remains unchanged from last year. Credit unions eligible to apply for the adjustment will be notified separately and receive a letter on the application process.

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