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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