ALEXANDRIA, Va. — NCUA recently issued Letter to Federal Credit Unions 07-FCU-01, which gave federal credit unions a heads up on the operating fee schedule.
Invoices will begin arriving at federal credit unions in March as well as the amount required to adjust their NCUSIF deposit based on 1% of insured shares as reported year-end 2006. A combined payment will be due no later than Monday, April 16, 2007.
Allowances are still being made for deposit influxes at federal credit unions impacted by Hurricanes Katrina and Rita. "The asset base for the operating fee will reflect any necessary adjustments for hurricane-related funds in member accounts," NCUA wrote to these institutions. "These credit unions will be contacted separately and receive a letter on the application process."
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