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The news in November that the NCUA would reduce the overhead transfer rate for 2017 – the first such reduction since 2013 – was encouraging for the state system (and especially for NASCUS; we’ve been working on this issue on behalf of the state system for at least 20 years).

Shortly after that decision was announced, agency Chairman Rick Metsger and Board Member J. Mark McWatters – as well as the rest of us – heard in a staff briefing that an insurance premium for credit unions was likely in the New Year. That was discouraging, for all parts of the credit union system.

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