A 2025 performance plan was adopted by the federal credit union regulator’s board Thursday, outlining specific methods and targets about how the agency will measure its performance.
The agency board adopted the plan unanimously at its regular monthly meeting.
In a release, the National Credit Union Administration (NCUA) Board said the plan includes direction for strategic goals and objectives (as provided in the agency’s 2022-26 strategic plan). The performance plan describes the means, strategies, and specific actions the agency has resourced and intends to undertake to achieve each strategic objective, the NCUA said.
This plan sets out performance measures and targets for 2025 in support of the goals in the strategic plan, the NCUA said. Those indicators use available data to evaluate whether the agency is making progress toward achieving its goals and objectives during the plan period.
“Targets establish a level of performance the NCUA strives to achieve,” the agency said in the introduction to the plan. “The NCUA reviews performance indicators and targets to assess the effectiveness of programs and takes into account how risks and opportunities affect our ability to achieve strategic goals and objectives. This assessment allows the agency to make adjustments to improve performance throughout each year and during the five-year strategic plan period.”
Data presented in this report is as of Sept. 30, 2024, unless otherwise noted, the agency said.
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