2016-17 budget, OTR join FOM rule on NCUA’s Nov. 19 agenda

November 12, 2015

ALEXANDRIA, Va. (11/12/15)--A field of membership proposal and the National Credit Union Administration’s operating budget for the next two years is part of its Nov. 19 board meeting. For an in-depth look at CUNA expectations for the FOM proposal, see “FOM rules to be taken up by NCUA Nov. 19” in today’s News Now.

The operating budget discussed will be for 2016 and 2017, which NCUA Chair Debbie Matz said last month was “a return to business as usual,” referring to the agency’s pre-financial crisis habit of putting out two year budgets.

NCUA Chief Financial Officer Rendell Jones said the items presented for the 2017 budget will be “our best estimate” of what the budget will look like in 2017.

Other items on the agenda include:

  • The field of membership proposal;
  • The NCUA’s 2016-2017 annual performance plan;
  • The 2016-2017 Corporate Stabilization Fund oversight budget;
  • The 2016 Overhead Transfer Rate; and
  • The 2016 Operating Fee assessment scale.

The meeting is scheduled to begin at 10 a.m. (ET), and will be streamed on the NCUA’s website. Starting at approximately 9:45 a.m. (ET) Nov. 19, a link to the video will be placed on the homepage.

The closed portion of the meeting has been moved to Nov. 18, starting at 3 p.m. (ET).