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Letter to Federal Credit Unions (22-FCU-01) Operating Fee Schedule Adjusted for 2022

Letter to Federal Credit Unions (22-FCU-01)
Operating Fee Schedule Adjusted for 2022

Dear Boards of Directors and Chief Executive Officers:

In December, the NCUA Board unanimously approved a new budget. As a result of that decision and other factors, federal credit union operating fees will decrease by an average of 23.7 percent in 2022.

Approximately half of the 2022 operating fee reduction results from the NCUA Board applying a $15 million credit to amounts that would otherwise be due to support the approved 2022 Operating and Capital budgets. The $15 million credit comes from previously collected operating fees that remained unspent at the end of 2021. The remaining reduction to the 2022 operating fee results from a 2021 budget surplus that was used to offset the 2022 budget, growth in reported credit union system assets in 2021, and a slight increase to the share of the Operating Budget funded from the Share Insurance Fund through the Overhead Transfer Rate (OTR) methodology.

The enclosed 2022 Operating Fee Schedule will help you calculate the exact amount of your credit union’s 2022 operating fee. The enclosure includes a web link to the NCUA’s online calculator. If your credit union owes an operating fee, it will be due no later than Friday, April 15, 2022.

Read the Letter to Federal Credit Unions

 

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