BOARD ACTIONS (FROM PAGE 3)
The strategic plan complies with the Government-wide
Diversity and Inclusion Strategic Plan 2011 and the goals
outlined in guidance from the Office of Personnel Management.
Key workforce goals in NCUA’s strategic plan include:
; Workforce Diversity. Recruit from a diverse, qualified
group of potential applicants to secure a high performing
workforce drawn from all segments of American society.
; Workplace Inclusion. Cultivate an environment that
encourages collaboration, flexibility, and fairness to enable
individuals to contribute to their full potential.
; Sustainability. Develop structures and strategies to equip
leaders with the ability to manage diversity, be accountable,
measure results, refine approaches on the basis of such
data, and institutionalize a culture of inclusion.
Additionally, the strategic plan requires NCUA to develop
and implement a policy to improve the inclusion of minority-and women-owned businesses in NCUA’s contracting awards.
NCUA has already developed this supplier policy and began
implementation in April.
Rules Affecting Fair Housing, Flood Insurance,
and Agency Structure Updated
NCUA reviews each of its rules on a three-year schedule in
order to update, clarify, and simplify existing regulations. The
rolling review also aims to eliminate redundant or
As part of the 2011 review cycle, NCUA identified the need
for minor technical corrections to the rules governing fair
housing, flood insurance, and NCUA’s structure.
As adopted by the Board, the final rule:
; Updates nondiscrimination requirements for credit union
operations (Part 701) to reflect the recent designation of
NCUA’s Office of Consumer Protection to hear Fair
Housing Act and Equal Credit Opportunity Act
complaints. Credit unions engaging in real estate-related
lending will have a reasonable amount of time to post
updated Equal Housing Lender signs in public areas.
; Modifies the requirements of credit unions to use a standard
flood hazard determination form (Part 760) to replace the
Federal Emergency Management Administration’s mailing
address with the www.fema.gov website address.
; Amends the rule on NCUA’s organization (Section 790)
to add the Office of Minority and Women Inclusion
created in 2011, incorporate the Division of Capital
Markets into the Office of Examination and Insurance,
change the title of the Chief Financial Officer, and update
regional director descriptions.
The final rule became effective on March 21, 2012, upon its
publication in the Federal Register.
All open NCUA Board meetings are tweeted live. Follow
@TheNCUA on Twitter. Board Action Memorandums and
NCUA rule changes are available online at www.ncua.gov.
CREDIT UNION ONLINE
ENHANCEMENTS NEXT MONTH
NCUA is planning to release an enhanced version of Credit Union Online in
late May 2012 for natural-person credit unions. The online Credit Union Profile
and 5300 Call Report system allows credit unions to self-manage profile
information, submit data, and receive information from NCUA. Some of the
; Enhanced user interface;
; Ability to print the Call Report and profile information in a PDF file;
; Call Report calculations and edits refresh during data entry; and
; Warnings within the profile to help credit unions identify missing information.
NCUA will provide more information and host a webcast in mid-May. The
webcast will highlight the key changes to the system and provide credit unions
the opportunity to ask questions of NCUA staff. NCUA will email registration
information to credit unions prior to the webcast.
NCUA has launched a free mobile
application—called CU Locator—for
consumers. Available for the iPhone,
the iTouch, and Android devices, the
app puts finding the nearest credit
union location at consumers’ fingertips.
The CU Locator mobile application is
available for download from i Tunes or
the Android Market.