NCUA Office of Inspector General (OIG) Annual Performance Plan for 2003

GuidanceNational Credit Union Administration (NCUA)Risk Management

The National Credit Union Administration (NCUA) Office of Inspector General (OIG) Annual Performance Plan for 2003 delineates those audits and investigations that would most benefit the NCUA. In formulating this Plan, we considered:

• The agency’s strategic and annual performance plans;

• Pertinent legislation, including the Federal Credit Union Act, the Government Performance Results Act (GPRA), the Credit Union Membership Act, the Government Information Security Act (GISRA), and the Inspector General Act;

• Congressional activity and testimony by NCUA officials as well as significant areas of interest to NCUA Board members and the Congress;

• Input obtained from the NCUA Board and Executive staff; and

• NCUA and the credit union industry’s operating environment. How the Annual Plan was formulatedThe NCUA OIG plans its work to identify and respond to issues that are of greatest importance to NCUA. For purposes of the Annual Plan, we have identified prospective audit and investigative work that is responsive to the agency’s strategic goals. The agency’s strategic goals are:

• Promote a system of financially healthy, well-managed federally insured credit unions able to withstand economic volatility.

• Facilitate credit unions’ ability to safely integrate financial services and emerging technology in order to meet the changing expectations of their members.

• Create a regulatory environment that will facilitate credit union innovation to meet member financial service expectations.

• Enable credit unions to leverage their unique place in the American financial system to extend availability of service to all who seek such service, while encouraging and recognizing their historical emphasis on servicing those of modest means.

• Enhance NCUA’s organization to continue to work with the credit union community in creating an environment that enables credit unions to continue to flourish while addressing the challenges of the 21stcentury.

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