Ito statement on proposed OTR methodology

‘A SIGNIFICANT STEP IN THE RIGHT DIRECTION’
Statement by NASCUS President and CEO Lucy Ito
on NCUA Board proposal on overhead transfer rate (OTR) methodology

“NASCUS applauds NCUA’s vastly simplified approach to calculating the overhead transfer rate and a second round of comments from all stakeholders. The proposed methodology is a significant step in the right direction and we appreciate that NCUA has acknowledged a number of the views we previously shared in our submitted comments.  NASCUS will be reviewing the request for comments more closely and we look forward to working with NCUA in arriving at a methodology that meets our shared objectives of transparency, fairness, and simplicity.”