ALEXANDRIA, Va.-NCUA’s 2004 Annual Report features loads of information and graphics on the nation’s credit unions as well as artistic shots of NCUA’s Alexandria headquarters and the key players in it. The agency really kicked its Annual Report up a notch for 2004, but it is not just for federal credit unions’ 70th birthday, NCUA Director of Governmental and Congressional Affairs Cliff Northup said, it is for life. “We were pleased with it,” he said modestly, explaining that NCUA hoped to “stay on par” with the other agencies and corporate reports. Northup, who manages the effort, and other NCUA staffers dove into the project back in December. “The biggest challenge is what it’s going to look like,” he admitted. But working with the 70th anniversary theme and the agency’s building-”to convey strength and substance”-they got it done. The differences between the 2004 report and the previous year are obvious from the glossy paper and binding to the inclusion of the Community Development Revolving Loan Fund operating funds and the Annual Performance report. The charts and graphs in the report are much bolder then previously, while the photos of the agency’s top brass were shot from much more interesting perspectives. The Annual Report jumped from a 70-page project in 2003 to a more than 100-page effort. NCUA’s building is featured on the cover with the American flag snapping crisply in the winter wind. Inside, the cover folds open to reveal a timeline of federal credit union regulators over the past 70 years, from a photo of the act itself to the initial three-member board in 1979 to today’s board with one vacant seat. The interior back cover lists all the active federal credit union charter numbers in 2004; 00001, Morris Sheppard Texarkana Federal Credit Union-named for the senator who sponsored the Federal Credit Union Act, is still active. Of course anything viewed by your top boss must be in tip-top shape. NCUA’s Annual Report serves as its formal report to the President of the United States on the agency. It is also delivered to the Vice President, Speaker of the House, and congressional committees of jurisdiction. Additionally, NCUA’s stakeholders, the nation’s credit unions, also receive a copy. “Hopefully it’s going to be well-received out there,” Northup said of the 12,000 copies. Though Northup undoubtedly breathed a sigh of relief when the project was over with, he told Credit Union Times he was already thinking ahead to the 2005 report. “That’s the first thing we worry about is, `oh my goodness, what are we going to do next year?’” [email protected]

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