NCUA Board Meeting Dec. 14 with Agency Budget, OTR Methodology on Agenda

The NCUA has a full agenda for its Dec. 14 meeting, with a request for comment on its Overhead Transfer Rate (OTR) methodology and a vote on the agency's 2024-2025 budget slated for consideration.

NCUA uses the OTR to determine how much in funds to transfer from the National Credit Union Share Insurance Fund to its budget to cover the costs related to supervising state-chartered credit unions.

League President/CEO Carrie Hunt testified last month during the National Credit Union Administration’s public hearing on the agency’s 2024-2025 budget proposal. During her testimony, Hunt noted three key areas of concern: cybersecurity, the agency’s allocation of resources as it relates to serving credit unions of every size, and increased scrutiny on consumer compliance.

The full agenda includes:

• NCUA Operating Fee schedule methodology
• NCUA’s 2024-2025 budget
• Central Liquidity Facility’s 2024 budget

The meeting will begin at 10 a.m. ET and will be streamed live on NCUA.gov.