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The NCUA Board is poised to set the agency's 2015 operating budget, overhead transfer rate and operating fee scale and will hear the quarterly report on the Temporary Corporate Credit Union Stabilization Fund during its open meeting today.

Today's meeting also includes a briefing by agency staff on the estimated range next year for any potential premium assessment for the National Credit Union Share Insurance Fund and stabilization assessment for the TCCUSF. NCUA has indicated it is unlikely there will be any corporate stabilization assessments going forward.

NAFCU opposes any increase in NCUA's budget for 2015 and wants NCUA to find ways to reduce spending. NAFCU President and CEO Dan Berger conveyed these concerns in a recent letter to the board and also pressed for transparency in how the agency plans to use funds. NCUA Chairman Debbie Matz, in her response to Berger, said NCUA is looking to publish more details about its operating budget. She said more information will be made available on the budget following today's meeting.

Berger, Matz and senior staff from NAFCU and NCUA have been in ongoing, lengthy conversations in which NAFCU has emphasized the need for more transparency in how NCUA uses the dollars it receives from credit unions to fund agency operations, and on all the funded programs the agency manages. Berger also continues to urge NCUA to resume public hearings in advance of the board's budget actions, something that was done yearly until about three years ago.

Today's open meeting is at 10 a.m. Eastern at the agency's Alexandria, Va., headquarters. A closed meeting, which will address share insurance appeals, follows.