The NCUA will vote on a 2-year budget and receive a briefing on the overhead transfer rate at its Nov. 17 meeting, according to the agenda released Thursday. The meeting will start at 10 a.m. (ET), and will be streamed live on NCUA.gov.
“We hope the NCUA’s budget presentation reflects consideration of the points CUNA, its league partners and credit union stakeholders raised during last month’s briefing and our letter to the board. Namely, that we are concerned about the continued growth of the agency’s budget, and we urge it to remain focused on keeping costs down,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “In addition, we hope that the scheduled board briefing on the overhead transfer rate addresses the need to overhaul the overhead transfer rate methodology to provide better fairness and transparency for credit unions.”
During last month’s briefing, CUNA and its league partners and member credit unions raised several concerns about rising costs.
The complete agenda is: