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NASCUS Summary: December 2022 NCUA Board Meeting

On December 15, the NCUA Board held its final meeting of 2023. The Board was briefed on the Share Insurance Fund’s (SIF) Normal Operating Level, which will remain at 1.33%....

NCUA Posts 2023–2024 Proposed Budget, Sets October 19 Public Briefing

Agency Accepting Comments and Budget Briefing Presentation Requests Sept. 29, 2022 — The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for...

OTR 2021 increase a sign for agency to reconsider expense allocation, Ito says

(Dec. 23, 2020) A 2021 budget of $341.4 million – with an overhead transfer rate (OTR) of 62.3% — was approved by the NCUA Board on a split vote of...

BRIEFLY: Agencies jointly release BSA ‘fact sheet;’ NASCUS Report early next week

(Nov. 20, 2020) NCUA joined the federal banking agencies Thursday in releasing a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that...