NCUA Annual Performance Budget 2005

GuidanceNational Credit Union Administration (NCUA)Risk Management

NCUA Annual Performance Budget 2005
Message from the NCUA Chairman

I am pleased to present the National Credit Union Administration’s Annual Performance Budget 2005. You will notice that it is called a performance budget and not a plan. It was developed to serve as an element of budget development and reflects a greater correlation between our strategic and annual performance goals and resource allocation. This enhanced correlation is in support of the President Management Agenda Initiative #5 – Budget and Performance Integration.

The year 2004 has been a very productive year. NCUA Annual Performance Plan 2004 served to guide the agency’s efforts to achieve its performance goals and objectives in its regulatory and supervisory roles during the past year. The credit union industry’s performance validated these efforts with assets increasing $30.6 billion or 5.02%, net worth increasing $4.3 billion or 6.52%, shares increasing $22.8 billion or 4.31%, loans increasing $30.2 billion or 8.02% and delinquent loans as a percentage of total loans decreasing from 0.76% to 0.71% for a very productive year. As a result, NCUA’s priorities continue to stress providing proper training and tools for examiners, an optimal regulatory environment that balances innovation with safety and soundness, enhanced organizational effectiveness and efficiency, promoting access of financial services to all eligible residents and maintaining a responsible budget process.

> Read entire regulation (log in required - registration is free)