ALEXANDRIA, Va. — The way NCUA calculates the operating fee that federal credit unions pay to support the agency's regulatory and enforcement efforts is on the agenda of the agency's December board meeting.

"NCUA's Policy for Setting the Operating Level and Monitoring the National Credit Union Share Insurance Fund" is the second item on the agenda, following a discussion of the NCUA's strategic plan for 2009-14 and preceding a discussion of the share insurance fund's investment policy.

NCUA raised the operating fee level for federal credit union's overall by 9.85% at its November meeting, but NAFCU has questioned the fairness of the fee calculation, suggesting the largest federal credit unions pay a disproportionately high fee.