ALEXANDRIA, Va.—NCUA is expected to adopt its overhead transfer rate (OTR) methodology and vote on its 2018 and 2019 budgets at today’s open board meeting which begins at 10 ET.
The agency has proposed budgets of $298.2 million and $302.8 million in 2018 and 2019, respectively. NCUA recently held a budget briefing on its spending plans; expanded coverage can be found here.
At the meeting NCUA will also finalize its rule on corporate credit unions, which would permit corporates to include all perpetual contributed capital as Tier 1 capital if a corporate credit union reaches a new "retained earnings ratio" of 250 basis points.
The agency will also share a quarterly report on the Temporary Corporate Credit Union Stabilization Fund, which was closed on Oct. 1, and its funds, property and other assets and liabilities transferred to the National Credit Union Share Insurance Fund.