81 FR 4679 - Request for Comment Regarding National Credit Union Administration Draft 2017-2021 Strategic Plan

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 17 (January 27, 2016)

Page Range		4679-4680
FR Document		2016-01625

The NCUA Board (Board) is requesting comment on its 2017-2021 Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 summarizes our analysis of the internal and external environment impacting NCUA; evaluates NCUA programs and risks; and provides goals and objectives for the next five years. While the Board welcomes all comments from the public and stakeholders, it specifically invites comments and input on the proposed goals and objectives of the strategic plan.

Federal Register, Volume 81 Issue 17 (Wednesday, January 27, 2016)

[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)]
[Notices]
[Pages 4679-4680]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01625]


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NATIONAL CREDIT UNION ADMINISTRATION


Request for Comment Regarding National Credit Union 
Administration Draft 2017-2021 Strategic Plan

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The NCUA Board (Board) is requesting comment on its 2017-2021 
Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 
summarizes our analysis of the internal and external environment 
impacting NCUA; evaluates NCUA programs and risks; and provides goals 
and objectives for the next five years. While the Board welcomes all 
comments from the public and stakeholders, it specifically invites 
comments and input on the proposed goals and objectives of the 
strategic plan.

DATES: Comments must be received on or before March 28, 2016 to be 
assured of consideration.

ADDRESSES: You may submit comments by any of the following methods 
(Please send comments by one method only):
     NCUA Web site: https://www.ncua.gov/about/pages/board-comments.aspx. Follow the instructions for submitting comments.
     Email: Address to [email protected]. Include ``[Your 
name]--Comments on NCUA 2017-2021 Draft Strategic Plan'' in the email 
subject line.
     Fax: (703) 518-6319. Include your name and the following 
subject line: ``Comments on NCUA 2017-2021 Draft Strategic Plan.''
     Mail: Address to Gerard Poliquin, Secretary of the Board, 
National Credit Union Administration, 1775 Duke Street, Alexandria, 
Virginia 22314-3428.
     Hand Delivery/Courier: Same as mail address.
    Public Inspection: You can view all public comments on NCUA's Web 
site at https://www.ncua.gov/about/pages/board-comments.aspx as 
submitted, except for those we cannot post for technical reasons. NCUA 
will not edit or remove any identifying or contact information from the 
public comments submitted. You may inspect paper copies of comments at 
NCUA's headquarters at 1775 Duke Street, Alexandria, Virginia 22314, by 
appointment weekdays between 9 a.m. and 3 p.m. To make an appointment,

[[Page 4680]]

call (703) 518-6570 or send an email to [email protected].

FOR FURTHER INFORMATION CONTACT: Melissa Lowden, Performance Analyst, 
National Credit Union Administration, 1775 Duke Street, Alexandria, 
Virginia 22314-3428 or telephone: (703) 518-1182.

    Authority: 5 U.S.C. 306.


SUPPLEMENTARY INFORMATION: The Government Performance and Results Act 
of 1993 (GPRA) requires agencies to prepare strategic plans, annual 
performance plans and annual performance reports with measurable 
performance indicators to address the policy, budgeting and oversight 
needs of both Congress and agency leaders, partners/stakeholders, and 
program managers. In 2010, Congress passed the GPRA Modernization Act 
of 2010, which further requires a leadership-driven governance model 
with emphasis on quarterly reviews and transparency. The GPRA 
Modernization Act requires agencies to set priority goals linked to 
longer-term Agency strategic goals. Part 6 of Office of Management and 
Budget (OMB) Circular A-11 provides additional guidance and 
requirements for federal agencies to implement these laws.
    The NCUA Draft Strategic Plan 2017-2021 is issued pursuant to the 
GPRA, the GPRA Modernization Act, and OMB Circular A-11.
    It highlights the agency's three strategic goals and supporting 
strategic objectives, which reflect the outcome or greater impact of 
the broader strategic goals. The three strategic goals for 2017-2021 
are to:
     Ensure a Safe and Sound Credit Union System.
     Promote Consumer Protection and Financial Literacy.
     Cultivate an Inclusive, Collaborative Workplace at NCUA 
that Maximizes Productivity and Enhances Impact.
    The draft NCUA Draft Strategic Plan 2017-2021 is available at the 
following Web address: https://www.ncua.gov/regulation-supervision/Pages/board-comments.aspx.

    By the National Credit Union Administration Board on January 21, 
2016.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2016-01625 Filed 1-26-16; 8:45 am]
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Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Notices 4679

TABLE 3—NATURAL-PERSON FEDERAL CREDIT UNION OPERATING FEE SCHEDULE—Continued
0.00001771 .................................................................................................... on assets over ..... 3,858,646,995.

A different assessment rate is applied approaches can improve forecast NATIONAL CREDIT UNION
to each tier. FCUs with $1 million or accuracy and decrease the likelihood of ADMINISTRATION
less in assets pay no Operating Fee. forecast errors. Using the root mean
There are two primary steps used to squared error statistic to calculate the Request for Comment Regarding
determine the adjustments to the accuracy of the individual approaches National Credit Union Administration
Operating Fee schedule for the and combined forecast approaches, OCE Draft 2017–2021 Strategic Plan
upcoming year. They are: (1) Updating has found that the combined forecast
the prior year asset tiers using the AGENCY: National Credit Union
approach is better at predicting the final Administration (NCUA).
projected asset growth rate; and (2)
asset growth rate than any of the ACTION: Notice and request for comment.
updating the prior year assessment rates
individual approaches. OCE therefore
for each asset tier by determining the SUMMARY: The NCUA Board (Board) is
average assessment rate adjustment. averages the forecasts from the three
approaches to maximize accuracy. requesting comment on its 2017–2021
Updating prior year asset levels. The
Draft Strategic Plan. The NCUA Draft
first step in determining the new Updating the prior year’s assessment Strategic Plan 2017–2021 summarizes
Operating Fee schedule is to increase rates. After updating the prior year asset our analysis of the internal and external
each asset tier from the prior year by the tiers, the next step is to project environment impacting NCUA;
projected asset growth rate. Assets are Operating Fees using the updated asset evaluates NCUA programs and risks;
indexed annually to preserve the same tiers and the prior year assessment rates and provides goals and objectives for
relative relationship of the scale to the charged to each tier. The percentage the next five years. While the Board
applicable asset base. difference between the projected
The projected asset growth rate is a welcomes all comments from the public
Operating Fees (i.e., line 14 above) and and stakeholders, it specifically invites
forecast of FCU asset growth rates for a
the required Operating Fees (i.e., line 13 comments and input on the proposed
year. NCUA’s Office of Chief Economist
(OCE) uses three different methods to above) is the average rate adjustment goals and objectives of the strategic
forecast asset growth and combines (i.e., line 16 above). plan.
them to generate an overall asset growth The average rate adjustment (i.e., line DATES: Comments must be received on
rate forecast. 16 above) is used to amend the prior or before March 28, 2016 to be assured
Forecasting Method #1: Uses Call year’s assessment rates for each asset of consideration.
Report data for the first half of the year tier either upwards or downwards. If the ADDRESSES: You may submit comments
to predict full-year asset growth. This is projected amount of Operating Fees is by any of the following methods (Please
done by first calculating the ratio of less than the required amount, then the send comments by one method only):
first-half asset growth to full-year asset assessment rates for each asset tier are • NCUA Web site: https://
growth. The percentage of full-year adjusted upwards. If the projected www.ncua.gov/about/pages/board-
growth accounted for by first-half asset amount is more than the required comments.aspx. Follow the instructions
growth varies from year to year but, on amount, then the assessment rates for for submitting comments.
average, nearly 80 percent of the asset each asset tier are adjusted downwards. • Email: Address to boardcomments@
growth for FCUs occurs in the first half ncua.gov. Include ‘‘[Your name]—
of the year. Using the growth rate in the The resulting new Operating Fee Comments on NCUA 2017–2021 Draft
first half of the year, OCE projects the schedule and due date are Strategic Plan’’ in the email subject line.
full-year growth rate. communicated via a Letter to Federal • Fax: (703) 518–6319. Include your
Forecasting Method #2: Uses Call Credit Unions and posted to name and the following subject line:
Report data to determine the most www.NCUA.gov at least 30 days in ‘‘Comments on NCUA 2017–2021 Draft
recent four-quarter growth rate and sets advance of the due date. No later than Strategic Plan.’’
this rate to the full-year asset growth March of each year, natural-person • Mail: Address to Gerard Poliquin,
rate. This approach is based on the idea FCUs with assets greater than $1 million Secretary of the Board, National Credit
that an FCU is likely to establish and will receive an invoice for their Union Administration, 1775 Duke
maintain a relatively constant growth Operating Fee. Operating Fees are based Street, Alexandria, Virginia 22314–
rate over a short period, after accounting on actual assets reported as of December 3428.
for variations in the growth rate that is 31 of the previous year. NCUA • Hand Delivery/Courier: Same as
attributable to seasonal fluctuations. combines the annual Operating Fee and mail address.
This implies that a good forecast of full- Public Inspection: You can view all
capitalization deposit adjustment into a
year asset growth is the most recently public comments on NCUA’s Web site
single invoice normally due in April. As at https://www.ncua.gov/about/pages/
available four-quarter asset growth.
required by the FCU Act, NCUA will board-comments.aspx as submitted,
Forecasting Method #3: Uses a time
series statistical model. Using quarterly deposit the collected fees in the United except for those we cannot post for
Call Report data, OCE predicts future States Treasury. technical reasons. NCUA will not edit or
asabaliauskas on DSK5VPTVN1PROD with NOTICES

four-quarter asset growth using the four- By the National Credit Union remove any identifying or contact
quarter growth in assets for the period Administration Board on January 21, 2016. information from the public comments
ending two quarters earlier (that is, four- Gerard Poliquin, submitted. You may inspect paper
quarter asset growth lagged two Secretary of the Board.
copies of comments at NCUA’s
quarters). headquarters at 1775 Duke Street,
[FR Doc. 2016–01623 Filed 1–26–16; 8:45 am]
Combined Forecast: In general, Alexandria, Virginia 22314, by
BILLING CODE 7535–01–P
forecasting literature shows that appointment weekdays between 9 a.m.
combining forecasts from different and 3 p.m. To make an appointment,

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Document Created: 2018-02-02 12:39:58
Document Modified: 2018-02-02 12:39:58

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comment.
Dates		Comments must be received on or before March 28, 2016 to be assured of consideration.
Contact		Melissa Lowden, Performance Analyst, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428 or telephone: (703) 518-1182.
FR Citation		81 FR 4679