The 40 or so comment letters filed about the NCUA's methodology for determining the Overhead Transfer Rate was a healthy total of comment letters.
However, what was overwhelming about the OTR letters filed is the consistency of the messages they contained. The first message: Action must be taken by NCUA to correct a flawed system of determining how the NCUA operating budget is funded from the NCUSIF.
The letters filed have come from a broad cross section of the credit union movement. Both national trade associations have weighed in, along with state trade groups (from north to south, and east to west), state regulators, state credit unions, individuals and other organizations.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
