A board briefing on the 2016 mid-session budget and NCUA’s 2017-2021 strategic plan are on the agenda for the July 21 open board meeting. The meeting is scheduled to begin at 10 a.m. (ET), and live video will be streamed on NCUA.gov.
NCUA released its draft strategic plan, which directs agency operations and priorities in January. CUNA, in its comment letter, called on the agency to provide “measureable, reportable regulatory relief” to credit unions.
In its comment letter, CUNA urged the agency to reduce supervisory burdens in the way it constructs and conducts the supervision process.
“NCUA should develop a stated goal of reducing credit unions' time dedicated to the supervision process, develop a way to measure success and then strive to meet this goal and hold staff accountable to this goal,” the letter reads.
The board briefing will examine the status of NCUA’s operating budget at the mid-point of 2016. The agency approved a two-year budget for 2016 and 2017 at its November 2015 meeting.
Board briefings do not result in a vote or rulemaking at the time of the meeting.
NCUA Chair Rick Metsger announced last month that credit union stakeholders a chance to comment on the agency’s proposed 2017-18 budget in October, which CUNA President/CEO Jim Nussle called a “big win” for credit unions.
The meeting will also have a quarterly update on the National Credit Union Share Insurance Fund.