NCUA Board Meeting Highlights; Annual Performance Plan Sets 2019 Agency Priority Goals

The National Credit Union Administration (NCUA) Board held its first open meeting of 2019 at the agency’s headquarters and unanimously approved two items.

These items include:

The Office of the General Counsel briefed the Board on inflation adjustments required by federal law to civil monetary penalties.

The Office of Public and Congressional Affairs briefed the Board on the agency’s Web site redesign.

The performance plan describes how the agency will reach its strategic goals and monitor progress. The plan identifies three Agency Priority Goals:

  1. Fully and efficiently execute the requirements of the agency’s examination and supervision program;
  2. Promulgate efficient, targeted regulation tailored to offer meaningful relief without undermining safety and soundness; and
  3. Implement secure, reliable, and innovative technology solutions.

The NCUA developed the 2019 performance plan simultaneously with the 2019-2020 operating budget. Offices justified how new and recurring projects, as well as additional staffing requests, contribute to achieving the NCUA’s strategic goals and objectives and identified specific performance indicators demonstrating the results of budgetary investments. This performance plan, in combination with the 2019-2020 operating budget, executes the agency’s Strategic Plan.

To read the full Board meeting press release click here.

The NCUA tweets all open Board meetings live. Follow @TheNCUA on Twitter, and access Board Action Memorandums and NCUA rule changes at www.ncua.gov. The NCUA also live streams, archives and posts videos of open Board meetings online.