NCUA Board to Consider Strategic Plan on Jan. 25

NCUA Board to Consider Strategic Plan on Jan. 25
January 19, 2018 Marketing GrafWebCUSO

The NCUA board will consider its Strategic Plan at its Jan. 25 meeting.

The board has been soliciting public comment on the draft plan, which establishes a variety of agency goals and objectives.

The board also will consider its 2018 annual performance plan at the meeting.

In the draft strategic plan, the board said it would like to implement a flexible exam schedule that extends exam cycles up to 20 months.

In addition to extending the exam cycle, the agency wants to reduce the NCUA’s presence in “well-capitalized and well-managed credit unions and enabling resources to be focused towards higher risk credit unions.”

The agency also wants to explore remote monitoring capabilities to allow field staff to conduct exam procedures remotely, according to the plan.

At the Jan. 25 meeting, the board also will receive a briefing on its plan to modernize the call report system, as well as a briefing on inflation adjustments to its civil monetary penalties.

The board also will consider a proposed rule governing involuntary liquidation and claims procedures.

The board will then meet in closed session to consider a supervisory action.