The National Credit Union Administration (NCUA) Executive Director J. Leonard Skiles announced today at NCUA’s Budget Briefing and Public Forum he expects the 2007 budget to reflect a 0.82 percent increase, an overhead transfer rate reduction from 57 to 54 percent, and a modestly reduced operating fee rate. The NCUA Board is expected to consider the 2007 budget at its November 16 meeting.

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