The NCUA board of directors held its first open meeting of 2019 and unanimously approved two items, including the agency’s 2019 Annual Performance Plan. The board also approved a request from the Illinois Department of Financial and Professional Regulation to revise its member business lending rule to provide parity with the agency’s rule.
The board approved the NCUA’s 2019 Annual Performance Plan, which provides specific direction and guidance to implement the overarching goals listed in the 2018-2022 Strategic Plan. The plan has three key goals: ensure a safe and sound CU system; provide a regulatory framework that is efficient and transparent; and maximize agency performance to ensure mission success is designed to provide specific direction as outlined in the agency’s 2018-2022 Strategic Plan.
The board also unanimously approved a request from the Illinois Department of Financial and Professional Regulation to revise its member business lending rule to provide parity with changes in the NCUA’s own rule approved in May 2018. The change in Member Business Loans to align with the rules for federal charters when it comes to one-four family residences.
The agency’s board approved a final rule to amend its regulations and an adjustment for Civil Money Penalties for inflation, as required by federal law.
NCUA recently completed a redesign of its website, to give users better accessibility, an improved search tool and new features to find information more quickly and easily. The redesign focused on technical improvements to NCUA.gov and changes to the site’s organization, search function and content. The website is now accessible from smartphones, tablets and both laptop and desktop computers and features new menus to help users with navigation.
For more information on Thursday’s board meeting, visit NCUA’s website.