NCUA 2018-19 budget, OTR methodology on Nov. 16 agenda

November 15, 2017

NCUA’s 2018-2019 budget and the overhead transfer rate (OTR) methodology are highlights of NCUA’s board meeting Thursday, according to the agenda released last week. The meeting is scheduled to begin at 10 a.m. (ET), and a live video stream will be available.

CUNA testified at last month’s NCUA budget briefing, and followed the presentation up with a letter containing additional budget suggestions.

NCUA Chairman J. Mark McWatters said the agency would carefully review all comments, but the agency will have sole discretion in creating the budget.

The agency also released proposed changes to the OTR, which is taken from the share insurance fund to cover insurance-related expenses, earlier this year.

CUNA, commenting on the changes, said the proposal represents an approach that will lead to more “fair and consistent assessments.”

The agenda also includes consideration of a final rule on corporate credit union regulations. CUNA supported the proposed changes in its Sept. 1 comment letter.

NCUA’s Nov. 16 meeting will also feature a quarterly update on the Temporary Corporate Credit Union Stabilization Fund.