NCUA budget

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NCUA BUDGET: NASCUS leader — Thoughtful consideration of feedback

(Dec. 17, 2021) NASCUS’ Ito acknowledged the agency’s efforts. “We commend the board for its thoughtful and unprecedented consideration of stakeholder feedback in finalizing the agency’s 2022 budget. On behalf...

NCUA BUDGET: Excess funds used to cut FCU operating fees

(Dec. 17, 2021) Meanwhile, the board also approved a $320.1 million operating budget that was $6 million less than that proposed. To reach that lower level, the agency also cut...

In turnaround, NCUA raises OTR, but not as much as proposed

(Dec. 17, 2021) An increased overhead transfer rate (OTR) for 2022, a final operating budget of $320 million for next year, and three final rules – on the complex credit...

In final NCUA budget appearance, Ito outlines reasons why OTR is vital

(Dec. 10, 2021) Every dollar transferred from the federal credit union savings insurance fund to fund NCUA expenses is one dollar not available to cover losses in the system and...

Budget, 3 final rules, on packed board agenda

(Dec. 10, 2021) The 2022 budget, and three final rules — on mortgage servicing rights, subordinated debt and the complex credit union leverage ratio — are among the items the...

NASCUS seeks to offer states’ views of ’22 NCUA budget, OTR at briefing

(Nov. 24, 2021) The state system is seeking to provide its views of the proposed NCUA 2022 budget at the agency’s public briefing in two weeks, particularly the proposed increased...

Spending plan includes 48 new positions

(Nov. 19, 2021) One of the key expenses proposed in the agency’s 2022 operating budget is the addition of 48 full-time equivalency (FTE) positions, according to NCUA budget documents released...

NCUA proposes another increase in OTR to partially fund 2022 operations

(Nov. 19, 2021) A $345.3 million 2022 proposed budget, funded partially from an increased amount of funds transferred from the federal credit union savings insurance program, was posted this week...

7 new positions approved for NCUA after budget review

(Sept. 24, 2021) In other action Thursday, the NCUA Board: Approved “midsession budget review” action that will use a $15 million 2021 budget surplus (realized through savings on curtailed travel...

NCUA Board to consider proposal on subordinated debt, again

(Sept. 17, 2021) A proposed rule on subordinated debt will be on the agenda of the NCUA Board when it meets next week, according to an agenda published Thursday by...

Board set to decide 2021 budget/OTR today

(Dec. 18, 2020) With a rare second monthly meeting scheduled for today (Friday, Dec. 18), the full-complement NCUA Board will consider the 2021 budget for the agency, which includes an...

NCUA Board: … <i>Friday, board to consider 2021 budget</i>

(Dec. 11, 2020) Final approval of the 2021 NCUA budget, which includes a concerning increase in the overhead transfer rate (OTR), will be under consideration when the agency’s board meets...