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Corporate System Resolution Enters Final Phase

Authored By: Lewis Wood on 3/18/2022

NCUA Board Approves NCUA Strategic, Annual Performance Plans

ALEXANDRIA, Va. (March 17, 2022) – Through a live webcast, the National Credit Union Administration Board held its third open meeting of 2022 and unanimously approved two items:

  • The NCUA’s Strategic Plan 2022–2026; and
  • The agency’s 2022 Annual Performance Plan.

The President of the NCUA’s Asset Management and Assistance Center and staff from the agency’s NCUA Guaranteed Notes (NGN) Division briefed the NCUA Board on the status of the Corporate System Resolution.

At the start of the meeting, NCUA Chairman Todd M. Harper addressed the conflict in Ukraine, saying, “[w]e at the NCUA stand united with the Ukrainian people in support of their desire for freedom, democracy, and independence.” Chairman Harper also noted the conflict has raised concerns about potential cyberattacks and he stressed the need for credit unions to be prepared. “I cannot stress this enough: all credit unions and vendors, regardless of size, are potential targets for cyberattacks and must remain vigilant,” he said.

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