ALEXANDRIA, Va. — NCUA announced a full agenda for its Nov. 15 board meeting.
The board will consider the application of Shell New Orleans Federal Credit Union to convert to a community charter. These applications have been few and far between at the NCUA Board level in recent years due to limited delegation of authority to the regions and the American Bankers Association lawsuit that restricted NCUA policy on adopting underserved areas to multiple common bond credit unions only.
The agency will also take up a final rule aimed at guarding against conflicts of interest involving eligible obligations.
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As is customary in November, NCUA will also be approving its 2008 Annual Performance Budget, 2008/2009 Operating Budget, its operating fee scale for federal credit unions, and the Overhead Transfer rate. At last month's budget briefing, the agency said it expected the operating fee to increase and OTR to decrease but that it could flip-flop for 2009. The agency was also considering user fees for training state examiners that go into privately insured credit unions.
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