82_FR_46488 82 FR 46297 - Request for Comment Regarding National Credit Union Administration Draft 2018-2022 Strategic Plan

82 FR 46297 - Request for Comment Regarding National Credit Union Administration Draft 2018-2022 Strategic Plan

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 82, Issue 191 (October 4, 2017)

Page Range46297-46298
FR Document2017-21304

The NCUA Board (Board) is requesting comment on its 2018-2022 Draft Strategic Plan. The NCUA 2018-2022 Draft Strategic Plan 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 82 Issue 191 (Wednesday, October 4, 2017) 
[Federal Register Volume 82, Number 191 (Wednesday, October 4, 2017)]
[Notices]
[Pages 46297-46298]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-21304]


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NATIONAL CREDIT UNION ADMINISTRATION


Request for Comment Regarding National Credit Union 
Administration Draft 2018-2022 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 2018-2022 
Draft Strategic Plan. The NCUA 2018-2022 Draft Strategic Plan 
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 December 4, 2017 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 2018-2022 Draft Strategic Plan'' in the email 
subject line.
     Fax: (703) 518-6319. Include your name and the following 
subject line: ``Comments on NCUA 2018-2022 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, 
call (703) 518-6570 or send an email to [email protected].

FOR FURTHER INFORMATION CONTACT: Melissa Lowden, Management 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 2018-2022 is issued pursuant to the GPRA, the GPRA 
Modernization Act, and OMB Circular A-11.
    The NCUA 2018-2022 Draft Strategic Plan outlines how the agency 
will continue to effectively supervise and insure a growing and 
evolving credit union system. As the financial services and the credit 
union sector evolve, NCUA must adjust to meet the challenges the 
changes provide. In response, we are adopting new technology and 
analytical tools to improve the agency's offsite monitoring 
capabilities. Additionally, we are recalibrating our examination 
approach to reflect a more stable economic environment. We also are 
revising the agency's operations, priorities and structure to ensure 
our objectives match those prescribed in the Federal Credit Union Act, 
while at the same time efficiently using the agency's resources.
    In the years ahead, NCUA also plans to advance meaningful 
regulatory relief by fully reevaluating our rules and working to modify 
them as appropriate, improving the uniformity of

[[Page 46298]]

examinations, implementing an improved examination appeals process, and 
mitigating the largest risks to the Share Insurance Fund.
    By publishing the proposed NCUA 2018-2022 Strategic Plan in the 
Federal Register, as well as posting it on our Web site at 
www.ncua.gov, NCUA continues its ongoing commitment to transparency 
about the agency's future plans and actions.
    The NCUA 2018-2022 Draft Strategic Plan is available at the 
following Web address: https://www.ncua.gov/About/Pages/budget-strategic-planning/annual-plan.aspx.

    By the National Credit Union Administration Board on September 
28, 2017.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2017-21304 Filed 10-3-17; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 82, No. 191 / Wednesday, October 4, 2017 / Notices 46297 [FR Doc. 2017–21448 Filed 10–2–17; 4:15 pm] requirements. It is imperative that the remove any identifying or contact BILLING CODE 9211–03–P meeting be held on these dates to the information from the public comments scheduling priorities of the key submitted. You may inspect paper participants. copies of comments at NCUA’s NATIONAL AERONAUTICS AND headquarters at 1775 Duke Street, Patricia D. Rausch, SPACE ADMINISTRATION Alexandria, Virginia 22314, by Advisory Committee Management Officer, appointment weekdays between 9 a.m. [Notice: (17–072)] National Aeronautics and Space and 3 p.m. To make an appointment, Administration. NASA Advisory Council; Science call (703) 518–6570 or send an email to [FR Doc. 2017–21255 Filed 10–3–17; 8:45 am] Committee; Ad Hoc Task Force on Big boardcomments@ncua.gov. BILLING CODE 7510–13–P Data; Meeting FOR FURTHER INFORMATION CONTACT: Melissa Lowden, Management Analyst, AGENCY: National Aeronautics and National Credit Union Administration, Space Administration. NATIONAL CREDIT UNION 1775 Duke Street, Alexandria, Virginia ACTION: Notice of meeting. ADMINISTRATION 22314–3428 or telephone: (703) 518– 1182. SUMMARY: In accordance with the Request for Comment Regarding Federal Advisory Committee Act, as National Credit Union Administration Authority: 5 U.S.C. 306. amended, the National Aeronautics and Draft 2018–2022 Strategic Plan SUPPLEMENTARY INFORMATION: The Space Administration (NASA) Government Performance and Results AGENCY: National Credit Union announces a meeting of the Ad Hoc Big Act of 1993 (GPRA) requires agencies to Administration (NCUA). Data Task Force (BDTF). This task force prepare strategic plans, annual reports to the NASA Advisory Council’s ACTION: Notice and request for comment. performance plans and annual Science Committee. The meeting will be SUMMARY: The NCUA Board (Board) is performance reports with measurable held for the purpose of soliciting and requesting comment on its 2018–2022 performance indicators to address the discussing, from the scientific Draft Strategic Plan. The NCUA 2018– policy, budgeting and oversight needs of community and other persons, scientific 2022 Draft Strategic Plan summarizes both Congress and agency leaders, and technical information relevant to our analysis of the internal and external partners/stakeholders, and program big data. environment impacting NCUA; managers. In 2010, Congress passed the DATES: Wednesday, November 1, 2017, evaluates NCUA programs and risks; GPRA Modernization Act of 2010, 8:30 a.m.–5:00 p.m.; Thursday, and provides goals and objectives for which further requires a leadership- November 2, 2017, 8:30 a.m.–5:00 p.m.; the next five years. While the Board driven governance model with emphasis and Friday, November 3, 2017, 8:30 on quarterly reviews and transparency. welcomes all comments from the public a.m.–5:00 p.m., Local Time. The GPRA Modernization Act requires and stakeholders, it specifically invites ADDRESSES: Jet Propulsion Laboratory agencies to set priority goals linked to comments and input on the proposed (JPL), Theodore von Kármán longer-term Agency strategic goals. Part goals and objectives of the strategic Auditorium, 4800 Oak Grove Drive, 6 of Office of Management and Budget plan. Pasadena, CA 91011. (OMB) Circular A–11 provides DATES: Comments must be received on additional guidance and requirements FOR FURTHER INFORMATION CONTACT: Ms. or before December 4, 2017 to be for federal agencies to implement these KarShelia Henderson, Science Mission assured of consideration. laws. The NCUA Draft Strategic Plan Directorate, NASA Headquarters, Washington, DC 20546, (202) 358–2355, ADDRESSES: You may submit comments 2018–2022 is issued pursuant to the fax (202) 358–2779, or khenderson@ by any of the following methods (Please GPRA, the GPRA Modernization Act, nasa.gov. send comments by one method only): and OMB Circular A–11. • NCUA Web site: https:// The NCUA 2018–2022 Draft Strategic SUPPLEMENTARY INFORMATION: The www.ncua.gov/about/pages/board- Plan outlines how the agency will meeting will be open to the public up comments.aspx. Follow the instructions continue to effectively supervise and to the capacity of the room. The meeting for submitting comments. insure a growing and evolving credit will also be available telephonically and • Email: Address to boardcomments@ union system. As the financial services by WebEx. You must use a touch tone ncua.gov. Include ‘‘[Your name]— and the credit union sector evolve, phone to participate in this meeting. Comments on NCUA 2018–2022 Draft NCUA must adjust to meet the Any interested person may dial the USA Strategic Plan’’ in the email subject line. challenges the changes provide. In toll free conference call number 888– • Fax: (703) 518–6319. Include your response, we are adopting new 324–9653, or toll number 1–312–470– name and the following subject line: technology and analytical tools to 7273, passcode 3883300, to participate ‘‘Comments on NCUA 2018–2022 Draft improve the agency’s offsite monitoring in this meeting by telephone for all Strategic Plan.’’ capabilities. Additionally, we are three days. The WebEx link is https:// • Mail: Address to Gerard Poliquin, recalibrating our examination approach nasa.webex.com/; the meeting number Secretary of the Board, National Credit to reflect a more stable economic is 991 009 965 and the password is Union Administration, 1775 Duke environment. We also are revising the BDTFmtg#6 for all three days. The Street, Alexandria, Virginia 22314– agency’s operations, priorities and agenda for the meeting includes the 3428. structure to ensure our objectives match following topics: • Hand Delivery/Courier: Same as sradovich on DSK3GMQ082PROD with NOTICES those prescribed in the Federal Credit —Update on JPL/Caltech Data Science mail address. Union Act, while at the same time Programs and Projects Public Inspection: You can view all efficiently using the agency’s resources. —Review of BDTF Studies public comments on NCUA’s Web site In the years ahead, NCUA also plans —Discussion of Draft Findings and at https://www.ncua.gov/about/pages/ to advance meaningful regulatory relief Recommendations. board-comments.aspx as submitted, by fully reevaluating our rules and Attendees will be requested to sign a except for those we cannot post for working to modify them as appropriate, register and to comply with JPL security technical reasons. NCUA will not edit or improving the uniformity of VerDate Sep<11>2014 20:18 Oct 03, 2017 Jkt 244001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\04OCN1.SGM 04OCN1

46298 Federal Register / Vol. 82, No. 191 / Wednesday, October 4, 2017 / Notices examinations, implementing an 2017 Notice) requesting comments on earnings and significantly impaired improved examination appeals process, its plan to close the Stabilization Fund credit unions’ one percent contributed and mitigating the largest risks to the in 2017 and set the normal operating capital deposit.3 The deposit Share Insurance Fund. level at 1.39 percent. The notice impairment, along with premiums 4 that By publishing the proposed NCUA appeared in the Federal Register on July would have been necessary to restore 2018–2022 Strategic Plan in the Federal 27, 2017.1 Specific matters the Board the Insurance Fund’s equity ratio, Register, as well as posting it on our sought comment on included whether would have resulted in a significant, Web site at www.ncua.gov, NCUA the NCUA should: immediate cost to credit unions at a continues its ongoing commitment to • Close the Stabilization Fund in time when their earnings and capital transparency about the agency’s future 2017, close it at some future date, or were already under stress due to the plans and actions. wait until it is currently scheduled to Great Recession.5 In June 2009, the The NCUA 2018–2022 Draft Strategic close in 2021. Board formally approved use of the Plan is available at the following Web • Set the normal operating level Stabilization Fund for the costs of the address: https://www.ncua.gov/About/ based on the Insurance Fund’s ability to Corporate System Resolution Program.6 Pages/budget-strategic-planning/ withstand a moderate recession without Since then, all of these costs have been annual-plan.aspx. requiring assessments over a five-year accounted for in the financial By the National Credit Union period. • Set the normal operating level statements of the Stabilization Fund. Administration Board on September 28, 2017. based on the Insurance Fund’s ability to The Act specifies that the Gerard Poliquin, withstand a severe recession without Stabilization Fund will terminate 90 Secretary of the Board. requiring assessments over a five-year days after the seven-year anniversary of period. its first borrowing from the U.S. [FR Doc. 2017–21304 Filed 10–3–17; 8:45 am] • Base the approach to setting the Treasury.7 The first borrowing occurred BILLING CODE P normal operating level on preventing on June 25, 2009, making the original the equity ratio from declining below closing date September 27, 2016. 1.20 percent, or some other higher However, the Act provided the Board, NATIONAL CREDIT UNION minimum level. with the concurrence of the Secretary of ADMINISTRATION The Board requested comments by the U.S. Treasury, authority to extend Closing the Temporary Corporate September 5, 2017, which would allow the closing date of the Stabilization Credit Union Stabilization Fund and the Board sufficient time to permit Fund. In June 2010, the Board voted to Setting the Share Insurance Fund closing before the end of 2017 and extend the life of the Stabilization Fund Normal Operating Level establish a distribution method to and, on September 24, 2010, the NCUA insured credit unions to the extent the received concurrence from the Secretary AGENCY: National Credit Union closure caused the Insurance Fund’s of the U.S. Treasury to extend the Administration (NCUA). equity ratio to exceed its normal closing date to June 30, 2021. ACTION: Final notice. operating level, as of the end of 2017. In a separate but related proposal, also Unlike in 2009, the Insurance Fund’s SUMMARY: In July 2017, the NCUA Board adopted on July 20, 2017, the Board $13.2 billion now exceeds both the (Board) sought comments on its plan to requested comments on its regulation corporate credit union Legacy Asset close the Temporary Corporate Credit governing equity distributions from the balance and NGN balance (as of June 30, Union Stabilization Fund (Stabilization Insurance Fund.2 2017). Due primarily to the nearly $4 Fund) in 2017, prior to its scheduled billion in net legal recoveries, the closing date in June 2021, and raise the A. Stabilization Fund Background Stabilization Fund has a positive net normal operating level of the National Public Law 111–22, the Helping position of approximately $2.0 billion as Credit Union Share Insurance Fund Families Save Their Homes Act of 2009 of June 2017. Additionally, there are no (Insurance Fund) to 1.39 percent. This (Helping Families Act), signed into law outstanding U.S. Treasury borrowings. final notice provides a discussion of by the President on May 20, 2009, Closing the Stabilization Fund in 2017 comments received and explains the created the Stabilization Fund. Congress will, barring the unexpected, result in Board’s decision to close the provided the NCUA with this temporary an equity distribution to insured credit Stabilization Fund in 2017. This notice fund to accrue the losses of the unions in 2018, putting funds to work also explains the Board’s decision to set corporate credit union system and in the credit union system prior to its the normal operating level of the assess insured credit unions for such current scheduled closure in 2021. Insurance Fund to 1.39 percent. losses over time. This prevented insured FOR FURTHER INFORMATION CONTACT: credit unions from bearing a significant 3 Prior to reassignment of these costs to the Anthony Cappetta, Supervisory burden for losses associated with the Stabilization Fund, the equity ratio of the Insurance Financial Analyst, Amanda Parkhill, Fund would have been only about 0.11 percent at insolvency of five corporate credit year-end 2009—resulting in a deposit impairment Loss/Risk Analysis Officer, or Kevin unions within a short period. Without of 89 percent. Tuininga, Senior Staff Attorney, at 1775 creation of the Stabilization Fund, 4 Throughout this document, the terms Duke Street, Alexandria, VA 22314, or corporate credit union losses would ‘‘premium’’ and ‘‘assessment’’ are used telephone: (703) 518–1592. have been borne by the Insurance Fund. interchangeably. 5 Because the contributed capital deposit is SUPPLEMENTARY INFORMATION: The magnitude of losses would have reflected as an asset on the financial statements of sradovich on DSK3GMQ082PROD with NOTICES I. Background exhausted the Insurance Fund’s retained insured credit unions, under applicable accounting II. Comments Received rules any impairment results in an immediate III. The Board’s Response to Comments 1 Closing the Temporary Corporate Credit Union expense to credit unions. IV. Final Action Stabilization Fund and Setting the Share Insurance 6 For more details on the Corporate System Fund Normal Operating Level, 82 FR 34982 (July Resolution Program, please see the NCUA Corporate I. Background 27, 2017). System Resolution Costs Web page (https:// 2 Requirements for Insurance; National Credit www.ncua.gov/regulation-supervision/Pages/ On July 20, 2017, the Board approved Union Share Insurance Fund Equity Distributions, corporate-system-resolution.aspx). a Notice and Request for Comment (July 82 FR 35705 (Aug. 1, 2017). 7 12 U.S.C. 1790e(h). VerDate Sep<11>2014 20:18 Oct 03, 2017 Jkt 244001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 E:\FR\FM\04OCN1.SGM 04OCN1


Document Created: 2018-10-25 09:53:54
Document Modified: 2018-10-25 09:53:54
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesComments must be received on or before December 4, 2017 to be assured of consideration.
ContactMelissa Lowden, Management Analyst, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428 or telephone: (703) 518-1182.
FR Citation82 FR 46297 
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