NCUA Approves Strategic and Performance Plans and Provides Update on Corporate Resolution | 2022-03-17

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The NCUA Board of Directors approved its 2022-2026 Strategic Plan and 2022 Annual Performance Plan at its meeting on Thursday. He also heard a presentation on resolving the enterprise system.

The briefing provided an overview of the resolution effort and noted an expectation that going forward (in March and September each year), the program will continue to make distributions, as cash becomes available, until the program is ended.

the Strategic plan is designed to summarize an analysis of the internal and external environment impacting the NCUA and assess programs and risks.

Its objectives are to:

  • Ensure a safe, sound and viable cooperative credit system that protects consumers.
  • Improve the financial well-being of individuals and communities through access to affordable and equitable financial products and services.
  • Maximize organizational performance to enable mission success.

The final plan includes several minor changes to the draft plan in line with recommendations made by CUNA on the draft plan, including revisions to the narrative outlining the long-term risk posed by climate-related financial risk, including clarification that the NCUA does not intend to micromanage credit union lending decisions for climate-related financial risks.

the Annual performance plan establishes performance measures and targets in support of strategic plan objectives. Its five components are:

  • Strategic targets
  • Strategic targets
  • Performance goals
  • Performance measures and associated objectives
  • Means and strategies to achieve strategic objectives.
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