Field of membership reform and the 2016/2017 operating budget were included the NCUA Board's November meeting agenda, which was released Tuesday. The meeting is scheduled for 10 a.m. Eastern Time on Thursday, Nov. 19 at NCUA headquarters in Alexandria, Va., and will be streamed live online.
NCUA board members said in January they would likely draft FOM regulatory relief this year and formed an internal working group to study the topic. Vice Chairman Rick Metsger said FOM reform would be his top priority in 2015.
As expected, the board will consider a two-year budget. Chairman Debbie Matz announced she would propose the extended budget during an open forum Oct. 30. Matz also said although she anticipated the agency would eliminate some full time positions, the overall budget will likely increase due to required capital expenditures.
In approving the budget, the board will also reveal the overhead transfer rate, which is the percentage of the NCUA's operating budget that is transferred from the share insurance fund. In 2015, the OTR was 71.8%, up from 69.2% in 2014.
The OTR and how it is calculated has been a controversial subject this year. In August, the NCUA announced it would collect public comment on the methodologies used to calculate both the OTR and federal credit union operating fee.
The board is also expected to announce if it will charge credit unions an NCUSIF premium or corporate stabilization assessment.
The NCUA board will also approve its 2016/2017 Annual Performance Plan, which has been traditionally been presented during its January monthly board meeting.
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