NCUA Issues 2006-2011 Strategic Plan for Comment

ALEXANDRIA, Va.-NCUA is seeking comment on its draft Strategic plan for 2006-2011. The agency said the draft plan builds upon the Strategic Plan 2003-2008, which demonstrated the agency’s move toward risk-focused efforts. “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,” NCUA Chairman JoAnn Johnson said. “We value all the input received from credit unions, consumers, and the general public during this review process.” NCUA’s planning and budgeting process focuses on ensuring a dynamic, safe and sound credit union industry, while the Draft Strategic Plan 2006-2011 provides the roadmap to accomplish this mission, according to NCUA. CUNA had asked to see a greater correlation between the budget and strategic plan at the Oct. 19 budget briefing. The draft plan has been two years in the making and staff incorporated input from credit union CEOs nationwide as well as trade association economists. The draft plan is available at http://www.ncua.gov/ ReportsAndPlans/plans-and-reports/index.html. Comments can be e-mailed to [email protected] ncua.gov or mailed to: NCUA, Attn: James “TaB” Patrick, director of the Division of Planning, Office of Capital Markets and Planning, 1775 Duke Street, Alexandria, Va. 22314.