ALEXANDRIA, Va. (Dec. 11, 2014) – The video recording of the November open meeting of the National Credit Union Administration Board is now available on the agency’s website.
Archived videos of past Board meetings may be viewed here, and each video remains on the site for one year.
The November open Board meeting’s agenda included five items:
- An Operating Budget increase of 4.2 percent, the smallest increase in seven years, to fund NCUA’s mission-critical activities in 2015 and meet the agency’s strategic priorities.
- A decrease of 0.9 percent in the 2015 federal credit union Operating Fee scale that also exempts 278 federal credit unions with assets below $1 million from paying the fee.
- A 2015 Overhead Transfer Rate of 71.8 percent from the Share Insurance Fund to the Operating Fund to fund the agency’s insurance-related functions.
- A briefing on the performance of the Temporary Corporate Credit Union Stabilization Fund, which continues to show improvement.
- A briefing on anticipated ranges for 2015 Stabilization Fund assessments and Share Insurance Fund premiums.
NCUA expects no future Corporate Stabilization Fund assessments and will not charge federally insured credit unions a Share Insurance Fund premium in 2014.
NCUA posts these videos as part of the agency’s ongoing efforts to provide transparency and to allow those unable to attend Board meetings the opportunity to become better informed. An interval between the meeting and posting is necessary for the videos to comply with Section 508 of the Rehabilitation Act for the hearing and visually impaired.
The Board Actions page of NCUA’s website has more information, including Board agendas, which are posted one week in advance of each open meeting, copies of Board Action Bulletins, which summarize the meetings, copies of Board memorandums and other documents.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share
Insurance Fund, insuring the deposits of account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.