Request for Comment Regarding National Credit Union Administration Overhead Transfer Rate Methodology and Operating Fee Schedule Methodology

Title:
Request for Comment Regarding National Credit Union Administration Overhead Transfer Rate Methodology and Operating Fee Schedule Methodology
Subject: Operating fees, overhead transfer rate
Agency: NCUA
Status: Notice and request for comment
Summary:

The NCUA Board (Board) is inviting comment on the methodology used to determine the Overhead Transfer Rate (OTR). The Board applies the OTR to the NCUA’s operating budget to determine the portion of the budget that will be funded from the National Credit Union Share Insurance Fund (Share Insurance Fund). The Board welcomes all comments but specifically invites comments on the four principles used in the methodology to calculate the OTR as discussed below. The Board is also requesting comment on proposed changes to the methodology it uses to determine how it apportions operating fees charged to federal credit unions (FCUs). The Board uses operating fees to fund part of the NCUA’s annual budget. In this notice, the Board proposes: clarifying the treatment of capital project budgets when calculating the operating fees; clarifying the treatment of miscellaneous revenues when calculating the operating fees; and modifying the approach for calculating the annual inflationary adjustments to the thresholds for the operating fee rate tiers. The Board solicits comment on these proposed changes and also solicits comment on several questions to gather information on potential future enhancements to the methodology.

FR Doc: 2020-17009
Date proposed: July 30, 2020
Comments due date:

Oct. 30, 2020

Final rule effective date:
Rule compliance date:
Agency release:

 

Related Reg Report item(s):

NCUA operating fee rule changes would exclude PPP loans, revise asset calculation; comments sought on op fee, overhead transfer rate methodologies

Be the first to comment

Leave a Reply

Your email address will not be published.