ALEXANDRIA, Va.–The NCUA board today voted 3-0 to approve its annual performance plan for 2020.
Officially known as the Annual Performance Plan, the plan is part of the agency’s larger 2018-2022 Strategic Plan and was developed simultaneously with the 2020-2021 budget the board approved at its December 2019 meeting.
According to agency staff, the plan sets out performance indicators and associated targets in support of the goals outlined in the agency’s Strategic Plan and “draws a clear line from the agency’s mission to the strategic goals, strategic objectives, performance goals, and performance indicators and targets.”
According to NCUA, four of its priorities for 2020 include:
· Fully and efficiently executing the requirements of the agency’s examination and supervision program
· Effectively identifying and evaluating risk in complex credit union portfolios
· Promulgating efficient, targeted regulation tailored to offer meaningful relief without undermining safety and soundness
· Implementing secure, reliable and innovative technology solutions.
NCUA staff presenting the plan included Deputy Chief Financial Officer Eugene Schied, Supervisory Budget Analyst Jim Holm, and Management Analyst Lindsey Courage.
The full plan can be found here.