League Sources Reveal NCUA Board Changes for 2017

League sources have provided some insight on items of interest from today’s NCUA  Board meeting for 2017: There will be a $1 million decrease in the overall budget. The NCUA will institute an 18-month exam cycle for credit unions below $1 billion in assets that carry a CAMEL 1 or 2 rating.  The other exam […]

League sources have provided some insight on items of interest from today’s NCUA  Board meeting for 2017:

  • There will be a $1 million decrease in the overall budget.
  • The NCUA will institute an 18-month exam cycle for credit unions below $1 billion in assets that carry a CAMEL 1 or 2 rating.  The other exam changes proposed in September will also be accepted (virtual exams, etc.), but I am told that this is simply a “first bite” and we should expect further refinements next year.
  • The Overhead Transfer Rate will be set at 67.7.  That’s a change from the 2016 rate of 73.1.
  • There will be a discussion of a premium assessment of between 3-6 basis This assessment will NOT occur now, but is expected sometime after Q1 next year.
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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