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
NCUA puts strategic plan out for comment
ALEXANDRIA, Va. (12/14/07)—-During its monthly meeting yesterday, the National Credit Union Administration (NCUA) Board released for comment the agency’s five-year strategic plan, and revised its National Credit Union Share Insurance Fund (NCUSIF) investment policy. The five-year plan covers 2009-2014 and is based on NCUA’s mission of “providing a safe, sound credit union system.” The NCUA strategic plan highlights three major goals:
* Ensure a safe, sound, and healthy credit union system; * Increase access to financial services to all eligible individuals within the credit unions' fields of membership; and * Provide a flexible and efficient regulatory environment for all federal credit unions.
The proposed plan includes specific objectives for how the goals will be attained. The strategic plan will be open for comments for 60 days. Use the resource link below to access the draft strategic plan online. Comments are due by Feb. 29. During the same meeting, the NCUA board unanimously approved revisions to the NCUSIF investment policy, which provides guidelines for the investment of NCUSIF funds. “These revisions will establish maturity limits, clarify permissible investments, and describe the general investment strategy,” according to the NCUA. Under these revisions, the NCUSIF funds will be invested under the following strategy:
* Maintain an overnight liquidity target determined by projected liquidity needs; * Invest 5% of the non-liquidity balance minus $50 million in a five-year Treasury ladder each quarter; and * Invest $50 million in a 10-year Treasury ladder each quarter.
By adding this additional Treasury ladder to the investment portfolio, NCUA said the fund will “experience additional earnings stability while providing a higher expected future return.”
Other Resources

RSS





print
News Now LiveWire
#Creditunion #SuperBowlXLIX #Commercials @ArizonaFederal w/@kurt13warner #MyComeback
8 hours ago
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
55 minutes ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
1 hour ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
2 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
2 hours ago