Credit Union Exam Solutions Presents With Flying Colors #73 NCUA IS OK With 1,000 Percent Increase in CAMEL Code 4s
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NCUA just approved its Annual Performance Plan. It included a goal of achieving CAMELS code 4s and 5s of less than 2 percent of assets. This would allow an a ten fold increase of current numbers!
Per NCUA
The National Credit Union Administration’s Annual Performance Plan, in concert with the agency’s budget, outlines the resources and strategies the NCUA will use to set priorities and improve performance. This plan is guided by the NCUA’s 2018–2022 Strategic Plan, which includes the following strategic goals: 1. Ensure a safe and sound credit union system; 2. Provide a regulatory framework that is transparent, efficient and improves consumer access; and 3. Maximize organizational performance to enable mission success. The Annual Performance Plan sets out performance measures and targets in support of the goals in the Strategic Plan. The NCUA’s Annual Performance Plan has five components: (1) strategic goals; (2) strategic objectives (3) performance goals; (4) performance measures and associated targets; and (5) means and strategies to accomplish the strategic objectives.
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