ALEXANDRIA, Va. (1/24/14)--A packed January board meeting agenda led off with approval of three relatively routine items: The National Credit Union Administration's 2014-2017 Strategic Plan, 2014-2015 Annual Performance Plan, and federal credit union interest rate ceiling determination.
The NCUA Strategic Plan highlights the agency's four strategic goals, and supporting strategic objectives which reflect the outcome or greater impact of the broader strategic goals. The four strategic goals for 2014 through 2017 are:
The Credit Union National Association in a recent letter urged the agency to use its strategic plan to detail:
CUNA also suggested the NCUA could improve its strategic plan review process to better allow sufficient time for stakeholder input.
The 2014-2015 Annual Performance Plan provides specific direction to implement the strategic objectives and highlights specific goals, indicators and targets to measure agency progress towards each objective for the coming year, the NCUA said.
The agency also approved language that will extend the current 18% interest rate ceiling for federal credit union loans through September 10, 2015. CUNA supports continuation of the 18% ceiling at least for an additional 18 months.