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The NCUA Board on Thursday approved of the agency's 2019 annual performance plan, which identified three performance goals the agency will prioritize related to its examination and supervision program, tailoring regulations for relief and implementing technology solutions.

During the presentation, NCUA staff said the annual performance plan is meant to be a "roadmap" for the agency's employees, stakeholders and interested parties as it "demonstrates progress toward reaching strategic goals and sets targets to achieve in upcoming year."

In addition to the prioritized performance goals, the plan also details the NCUA's 2018-2022 strategic goals, objectives and indicators by which the NCUA will measure its progress. Of note, to achieve its goal of ensuring a safe and sound credit union system, the NCUA has identified using its Automated Cybersecurity Examination Toolbox (ACET) to evaluate the cybersecurity risk of all credit unions with more than $250 million in assets by Dec. 31, 2023.

Also related to the strategic goals, the NCUA indicated it will focus on resolving troubled credit unions in a timely manner, assessing the National Credit Union Share Insurance Fund's (NCUSIF) equity ratio, executing the agency's regulatory reform task force final report, and developing and implementing the modern examination and risk identification control.

The board during Thursday's meeting also:

• approved a request from the Illinois Department of Financial and Professional Regulation to revise its member business lending rule to provide parity to changes made to the NCUA's own rule last year;

• approved a final rule to amend its regulations and adjust for inflation the maximum amount for civil monetary penalties under NCUA's jurisdiction; and
• received a briefing on the redesign of NCUA.gov.