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The NCUA Board is expected to decide upon a final methodology for distributing refunds to credit unions from the National Credit Union Share Insurance Fund (NCUSIF) during its open board meeting today.

The meeting is slated to begin at 10 a.m. Eastern and is available to view via livestream on the NCUA's website.

Last September, the NCUA Board voted to raise the normal operating level (NOL) of the NCUSIF to 1.39 percent and merge the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) with the NCUSIF. As a result, the NCUA anticipates a $600 million to $800 million distribution to credit unions in 2018, with additional distributions possible.

NAFCU was the only trade association fighting to keep the NOL at 1.3 percent. The association will continue to push for the largest possible rebate for credit unions.

Also on today's agenda:

• a quarterly briefing on the NCUSIF; and
• the 2017 NCUSIF equity distribution.