ALEXANDRIA, Va. — The NCUA Board sought to take the agency a couple of more steps in the directions of transparency and plain language at its Dec. 14 board meeting.
The board approved a draft of its next strategic plan written purposefully in plain language and revealed the process it uses to set the NCUSIF's normal operating level.
The NCUSIF's normal operating level is the equity ratio the fund must maintain in order to insure the deposits of credit union members ate federally insured institutions. By law and the agency's regulations, the level cannot fall to below 1.20% and cannot be allowed to rise above 1.5%.
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