ALEXANDRIA, Va. – NCUA is reminding stakeholders the deadline is Sept. 5 to submit comments on the agency’s request for comment on its operating fee schedule methodology.
As CUToday.info reported earlier, the NCUA board at its June 22 meeting unanimously approved the issuance of a notice and request for comment about adjustments to the methodology the Office of the Chief Financial Officer uses to determine how it apportions operating fees charged to federal credit unions.
The board uses these operating fees to fund part of the NCUA’s annual budget.
The Proposal
The proposal calls for increasing the threshold below which federal credit unions are exempt from paying an operating fee from $1 million to $2 million and establish a process to update the exemption threshold in future years based on the credit union system's annual asset growth. The request for comment also seeks views about whether and how the board should modify the current three-tier operating fee schedule.
The notice and request for comment was published in the Federal Register on July 6 and has a 60-day comment period, ending Sept. 5.
For additional info or to submit a comment, visit Regulations.gov.
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