WASHINGTON–America’s Credit Unions is calling on NCUA to lower the normal operating level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF).

“Lowering the normal operating level (NOL) would balance adequate protection for taxpayers while minimizing the potential for premiums charged to credit unions,” the trade group said in a letter sent to NCUA Chairman Kyle Hauptman.  

America’s Credit Unions is calling on NCUA to review and solicit public feedback on the NOL and its methodology.  

The NOL remains set at 1.33%, after being lowered from 1.38% in 2022. During its most recent board meeting, a briefing on the NCUSIF showed it closed 2024 with an NOL of 1.30%.

“Prior to your designation as Chairman, the NCUA had indicated its intent to review the NOL. Although we recognize that the change in administration has brought about a shift in NCUA priorities, we strongly believe that this initiative should remain a priority in 2025,” the letter reads.

America’s Credit Unions told the agency that reviewing the NOL is not only permissible under recent executive orders aimed at deregulation but should be “prioritized for its ability to reduce costs for credit unions and put credit union dollars back into credit unions.”