ALEXANDRIA, Va. (1/28/16)--Comments on the National Credit Union Administration’s (NCUA) overhead transfer rate (OTR) and operating fee methodologies are due April 26, 90 days from their publication in the Federal Register Wednesday.
The board voted to release the methodologies publicly and accept comments at its board meeting last week.
The OTR and the operating fee are the two primary funding mechanisms for the agency’s operating budget. NCUA Chair Debbie Matz said at the meeting that the NCUA will post summaries of the comments received, as well as the board’s responses to the comments, once the comments are submitted and examined.
The OTR represents insurance-related costs in the NCUA operating budget and is funded by the National Credit Union Share Insurance Fund. The operating fee methodology is used to determine the aggregate amount of operating fees charged to federal credit unions, including the fee schedule that allocates the operating fee among federal credit unions.
The plan is designed to summarize factors that affect the agency and the credit union system, evaluate NCUA programs and risks, and provide agency goals and objectives for the next five years.