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ALEXANDRIA, Va. — Transparency and a common tongue were the themes of the NCUA’s most recent board meeting as the agency issued a draft of its next strategic plan written purposefully in plain language and revealed the process it uses to set the NCUSIF’s normal operating level.

The normal operating level is the equity ratio the fund must maintain in order to insure the deposits of credit union members at federally insured institutions. By law and the agency’s regulations, the level cannot fall to below 1.20% and cannot be allowed to rise above 1.5% of the insured shares. If the level were to fall below 1.20%, NCUA would have to levy a premium on federally insured credit unions, and above 1.50%, the agency would have to return money the insured CUs in the form of a dividend.

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