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NCUA details its 2016 federal credit union operating fee schedule, offers calculation examples and links to its calculator in Letter to Credit Unions, 16-FCU-01, released Thursday.

The agency announced at its November board meeting that this year's operating fee scale was reduced by 0.47 percent for natural-person federal credit unions with assets of more than $1 million. The NCUA Board also voted to extend the operating fee exemption for institutions with assets of less than $1 million. NCUA's Letter to Credit Unions includes the 2016 operating fee schedule.

Federal credit unions' operating fees are due to NCUA April 15.

NAFCU members are invited to provide input on NCUA's overhead transfer rate and operating fee methodologies. The methodologies were released in January. Comments on both are due April 5 to NAFCU and April 26 to NCUA.

The OTR is used to transfer funds from the National Credit Union Share Insurance Fund to the agency's operating fund to cover "insurance-related" activities. For 2016, the OTR increased from 71.8 percent to 73.1 percent, which NCUA said was due to an increase in the percentage of insured shares held by federally insured, state-chartered credit unions.

The agency's total 2016 budget is set at $290.9 million – up 4.1 percent from the year before.