NCUA gives mid-year budget update, 2017 operating fee stable

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA expenditures are projected to decline by roughly $2.7 million for 2016, according to a mid-year budget review at Thursday’s board meeting. However, staff recommended that there be no reduction in the 2017 operating fee, due to several open obligations requiring cash on hand.The NCUA’s budget is primarily funded by the overhead transfer rate (OTR), which is funded by all federally insured credit unions; and the operating fee, funded only by federal credit unions. CUNA, in comments submitted to the agency in April, commended the agency for accepting comment on the methodology of these two sources.At the meeting, the NCUA stated it did not need a “true-up” because it does not pay budgeted expenses at the beginning of the year, and only charges actual expenses to the National Credit Union Share Insurance Fund (NCUSIF) as they occur monthly.CUNA has raised a number of concerns over the agency’s ever-increasing budget in recent years, particularly since the health of the credit union system has improved greatly in those years. continue reading »last_img read more

Camas girls wins 3A cross country team state title

first_imgGlacier Peak had the front runner and a talented pack. Camas had the upstart freshman and a talented pack.In the end, the difference between the Class 3A state champion and ‘wait till next year’ was Megan Napier’s biggest race of the season.In a star-studded field, Napier’s eighth-place finish turned out to be the key to the Papermakers’ first state crown.“All of our girls did fabulous,” Camas coach Mike Hickey said. “They all sold out and did everything we could ask of them. Everyone contributed. It was truly a team effort.”Freshman Alexa Efraimson paced Camas with a third-place finish, zipping around the 5-kilometer Sun Willows Golf Course in 17 minutes, 55 seconds.That she finished 45 seconds off the winning pace was no consequence — North Central’s Katie Knight shattered the course record by 20 seconds. Two-time defending champ Amy-Eloise Neale of Glacier Peak was second, 18 seconds behind Knight. Her GP teammate, Katie Bianchini finished fifth, getting the Snohomish team off to a strong start.Senior Austen Reiter, Camas’ No. 2 runner, finished seventh, followed immediately by Napier. Meanwhile, GP’s third runner didn’t cross the line for 23 more seconds, costing the defending champs seven team points in the battle of 3s.The four and five runners for each team finished in concert, and the Papermakers held on to win 58-60.“I think if we drew up our best realistic day coming into this meet we would not have thought we could have done this well,” Hickey said. “Alexa ran a great race, and Austen and Megan finishing in the top 8 was just huge.”last_img read more