NASCUS Claims NCUA’s OTR Calculation Must Be Made Public
According to a legal analysis prepared for the National Association of State Credit Union Supervisors (NASCUS), the Administrative Procedures Act requires that the NCUA submit the calculations its uses to develop its overhead transfer rate (OTR) to public notice and comment. The OTR represents the percentage of funds the NCUA transfers from the NCUSIF to the agency’s operating budget each year to cover insurance-related expenses. [6/24/15]


