Revisiting NCUA’s Mission Statement

With a new leadership team on the horizon, might a first task be to review the NCUA’s Mission Statement?

As now worded:

“Provide, through regulation and supervision, a safe and sound credit union system, which promotes confidence in the national system of cooperative credit.”

Proposed Reframing: Putting  Ends First

Promote a national system of cooperative credit by chartering and supervising a safe and sound credit union network. 

Thoughts?

2 Replies to “Revisiting NCUA’s Mission Statement”

  1. Develop a CU ownership advocacy compliment to the “consumer beware” engine.

    Revamp insurance system to be less alarming and facilitate more consumer choice models. Lessen the one-size fits all over-burden on the system.

    Separate insurance and regulatory field examiners. Replace with a triad of specific leadership oversight for finance, insurance, and regulatory.

    Promote a new effort for industry to get ahead of internet retailing concepts. Rewrite CAMEL criteria for a new election by CU owners to select the appropriate design to go by.

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