Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Six-year plan outlined by NCUA
ALEXANDRIA, Va. (3/19/10)—The National Credit Union Administration (NCUA) on Thursday outlined its goals for the next six years in a publicly released strategic plan for 2011 through 2016. The strategic plan features a list of set goals that the NCUA hopes to achieve, including ensuring a “safe, sound and healthy credit union system,” promoting credit union access “to all eligible persons,” furthering the development of a “transparent and effective” regulatory environment, issuing “clearly articulated and easily understood regulations,” and cultivating “an environment that fosters a diverse, well-trained and motivated staff.” The NCUA set specific factors that may help or hinder the achievement of their stated goals. The complexity of credit union products and services, the demand for those services, economic conditions, and potential accounting changes are among the factors that may affect the safety and soundness of the credit union system, the NCUA said. A lack of public awareness, a drop in the number of overall credit unions, and shifts in member needs can affect the availability of credit union services. Additionally, changes in legislation and other finance industry regulation can affect the NCUA’s goal of developing and issuing transparent and easily understood regulations. The Credit Union National Association, in its early comments on this list, suggested ensuring that NCUA staffers are specifically trained to recognize the differences between credit unions and banks. CUNA also suggested adding reducing the regulatory burden on credit unions to the NCUA’s list of stated goals.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 day ago