NCUA Board approves performance plan at January meeting

The NCUA Board approved the agency’s 2024 Annual Performance Plan and discussed its 2024-26 Diversity, Equity, Inclusion, and Accessibility (DEIA) Strategic Plan at its January meeting. Thursday’s meeting was also the first with Board Member Tanya Otsuka, who was sworn in last week.

NCUA’s performance plan is guided by the agency’s 2022–2026 Strategic Plan, which includes the following strategic goals:

  • Ensure a safe, sound, and viable system of cooperative credit that protects consumers;
  • Improve the financial well-being of individuals and communities through access to affordable and equitable financial products and services; and
  • Maximize organizational performance to enable mission success.

Miguel Polanco, director of NCUA’s Office of Minority and Women Inclusion, said the DEIA strategic plan aims to identify and adopt best practices to promote diversity and inclusion and mitigate any identified barriers to equity and accessibility.

America’s Credit Unions’ full analysis of the meeting can be found here.

The board also acknowledged the service of outgoing Board Member Rodney Hood, who served on the board from April 2019 to Otsuka’s swearing in last week, including a stint as chair from April 2019 to January 2021. Hood also served on the NCUA Board from November 2005 to August 2009.  

NCUA Chairman Todd Harper praised Hood’s dedication to the credit union movement, noted his historic term as the first African American chair of the NCUA Board, and thanked him for the work they accomplished while serving on the board together.  

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