Field of membership reform and the 2016/2017 operating budgetwere included the NCUA Board's November meeting agenda, which wasreleased Tuesday. The meeting is scheduled for 10 a.m. Eastern Timeon Thursday, Nov. 19 at NCUA headquarters in Alexandria, Va., andwill be streamed live online.

NCUA board members said in January they would likely draft FOM regulatory relief this year and formed aninternal working group to study the topic. Vice Chairman Rick Metsger said FOM reform would be his top priorityin 2015.

As expected, the board will consider a two-year budget. Chairman Debbie Matz announced she would propose the extendedbudget during an open forum Oct. 30. Matz also said although sheanticipated the agency would eliminate some full time positions,the overall budget will likely increase due to required capitalexpenditures.

In approving the budget, the board will also reveal the overheadtransfer rate, which is the percentage of the NCUA's operatingbudget that is transferred from the share insurance fund. In 2015,the OTR was 71.8%, up from 69.2% in 2014.

The OTR and how it is calculated has been a controversialsubject this year. In August, the NCUA announced it would collect public comment on the methodologies used to calculateboth the OTR and federal credit union operating fee.

The board is also expected to announce if it will charge creditunions an NCUSIF premium or corporate stabilization assessment.

The NCUA board will also approve its 2016/2017 AnnualPerformance Plan, which has been traditionally been presentedduring its January monthly board meeting.