NASCUS Credit Union and Regulator Membership Teleconference Scheduled for December 18

December 5 Plan to join NASCUS on December 18, 2013 at 1:00pm Eastern for our first quarterly teleconference of NASCUS state credit unions and state regulators. Though we meet regularly in person at our Summit and educational sessions and via phone with our Committees throughout the year, NASCUS wants to provide our state credit unions and state regulators more opportunities to discuss issues impacting the state charter today.

During this call, we plan to discuss NCUA's derivatives proposal and final CUSO Rule and how these may impact state charters and state regulation. We also plan to discuss the NCUA's overhead transfer rate (OTR). The OTR is the mechanism by which the Federal Credit Union Act allows NCUA to use monies from the share insurance fund for its administration. At their November Board meeting, the NCUA increased the OTR to 69.2 percent from the previous year's 59.1 percent.

Please let us know if you have any questions or issues you would like us to add to the agenda. To register for the call, or if you have questions, email jenny@nascus.org. We'll send an agenda shortly.

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