CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » NCUA approves strategic, performance plans, gives corporate resolution update
Policy & Issues

NCUA approves strategic, performance plans, gives corporate resolution update

March 17, 2022
NCUALogo

The NCUA Board approved its 2022-2026 Strategic Plan and 2022 Annual Performance Plan at its Thursday meeting. It also heard a briefing on the corporate system resolution.

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

The Strategic Plan is designed to summarize an analysis of the internal and external environment impacting NCUA and evaluates programs and risks.

Its goals are to:

  • Ensure a safe, sound, and viable system of cooperative credit 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 consistent with recommendations CUNA made on the draft plan, including revisions to the narrative describing the long-term risk posed by climate-related financial risk, including the clarification that NCUA does not intend to micromanage credit union lending decisions for climate-related financial risk.

The Annual Performance Plan sets out performance measures and targets in support of the goals in the strategic plan. Its five components are:

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

KEYWORDS NCUA
Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us