NCUA Board to Consider Whether to Ask for Comments on OTR
The NCUA board will consider whether to open its Overhead Transfer Rate methodology for additional comment when it meets on Friday June 23.
The board normally meets on Thursdays, but will meet on Friday this month to allow Acting Chairman J. Mark McWatters to testify before the Senate Banking Committee on June 22.
The OTR is a transfer of funds for insurance-related expenses from the share insurance fund. The expenses are paid by federally insured credit unions.
For 2017, the OTR is set at 67.7%.
The board also will consider its Safe Harbor rulemaking as it is related to asset securitization, as well as a proposed rule relating to Corporate Credit Unions.
The NCUA also will be briefed on the agency’s Enterprise Solution Modernization Program, a project to upgrade the agency’s information technology capabilities.
The board also will meet in closed session on June 21 to consider three supervisory actions and an appeal of an agency decision.