The NCUA will issue a request for comment on its overhead transfer rate (OTR) at next week’s open board meeting, which the agency moved to Friday, June 23. The meeting will begin at 10 a.m. (ET) and a live video stream will be available.
The OTR is taken from the share insurance fund and covers expenses related to NCUA’s insurance-related activities. It is set at 67.7% for 2017. NCUA also receives funding for the agnedy from Federal credit unions from the Operating Fee.
CUNA, in response to a January 2016 request for comment on the OTR, proposed an alternative calculation that would keep the OTR in the 62% to 67% range.
The NCUA board listened to a briefing on the OTR at its November meeting, and said then the agency is reviewing options for improving the methodology with a direction to make the methodology simpler, fairer, and more transparent.
Other item’s on NCUA’s agenda include: