NCUA Board Releases Draft
NCUA Strategic Plan 2006-2011 for Public Comment
October 26, 2005 – The National Credit Union Administration (NCUA) Board has released Draft NCUA Strategic Plan 2006-2011 for public comment. This plan builds upon NCUA Strategic Plan 2003-2008, which reflected an evolution toward a more risk-focused agency.
“The strategic plan is an integral component of the NCUA’s safety and soundness program, as we strive for an increasing risk-focused approach in our effort to mitigate risks,” said NCUA Chairman JoAnn Johnson. “We value all the input received from credit unions, consumers, and the general public during this review process.”
The development process of Draft NCUA Strategic Plan 2006-2011 began nearly two years ago when NCUA hosted a leadership summit with credit union CEOs from across the country in attendance and providing input. The development process continued with assessments of the environment provided by economists from various credit union trade associations. Using the input received from external stakeholders as a foundation, NCUA staff from throughout the agency developed Draft NCUA Strategic Plan 2006-2011.
NCUA’s planning and budgeting process focuses on ensuring a dynamic, safe and sound credit union industry. NCUA Draft Strategic Plan 2006-2011 provides the roadmap to accomplish this mission.
Interested parties are invited to review Draft NCUA Strategic Plan 2006-2011 and provide comments by December 23, 2005 to James “TaB” Patrick, Director of the Division of Planning. Comments may be e-mailed to StrategicPlanning@ncua.gov or mailed to:
National Credit Union Administration
Office of Capital Markets and Planning
1775 Duke Street
Alexandria, VA 22314
Attn: James “TaB” Patrick, Director of Planning
A copy of Draft NCUA Strategic Plan 2006-2011 is available on the NCUA website at http://www.ncua.gov/ReportsAndPlans/plans-and-reports/index.html under Reports, Plans and Statistics – NCUA Performance Plans and Reports.
The National Credit Union Administration (NCUA), governed by a three-member board appointed by the President and confirmed by the Senate, is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the savings of 84 million account holders in all federal credit unions and many state-chartered credit unions.
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