January 11, 2019

NCUA to take up annual performance plan, penalty adjustment next week

NCUADuring Thursday's NCUA Board meeting – the first of this new year – the agency will consider its 2019 annual performance plan and hold a briefing on the civil money penalty statutory inflation adjustment, among a couple other items. The meeting will begin at 10 a.m. Eastern and be livestreamed on the agency's website.

NAFCU will attend the meeting.

The agency's performance plan provides instructions on how the NCUA can meet its mission and goals. The performance plan gives indicators and targets to measure the agency's performance in meeting the goals contained in its 2018-2022 strategic plan.

Regarding this strategic plan, NAFCU has told the NCUA that while the association and its members generally support the outlined goals and initiatives, additional efforts should be made to reduce credit unions' regulatory burden.

The NCUA Board next week will also consider an Illinois member business loan rule and hear a briefing on the redesign of