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ALEXANDRIA, Va.–The NCUA board has voted 3-0 to approve operating budgets for 2024 and 2025 that are smaller than proposed earlier this year, but are still up--including a 7% increase for next year and a $48-million hike for 2025's proposed budget.

ALEXANDRIA, Va.–The NCUA board has voted 3-0 to put out for 60-day comment a proposal related to providing more clarity—including additional graphics and charts--around how the overhead transfer rate (OTR) is determined.

ALEXANDRIA, Va.–The NCUA board has approved an increase in the asset size at which credit unions are exempt from paying an operating fee, and further indexed that exemption to growth in CU assets moving forward.