June 23, 2017

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."

Information Contact:
Patrick Keefe, Vice President, Communications, pkeefe@nascus.org or (703) 528-5974

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.