“For federally insured credit unions and NCUA, 2012 was a transformative year,” said NCUA Board Chairman Debbie Matz. “The industry transitioned from the uncertainty caused by a severe recession and benefited from a recovering economy. We are confident that NCUA’s proactive actions in 2012 have created a framework strong enough and flexible enough to ensure that millions of Americans will be able to rely on federally insured credit unions for their financial needs for many years to come.”
NCUA’s 2012 initiatives and accomplishments are grouped into five categories that include:
Ensuring a safe and sound credit union system;
Continuing corporate resolution efforts;
Engaging, assisting and coordinating with stakeholders; and
Positioning NCUA for the future.
In addition, NCUA’s Annual Report provides an assessment of the agency’s performance in meeting its strategic goals. It contains the audited financial statements for each of NCUA’s four permanent funds, as well as historical industry and National Credit Union Share Insurance Fund data and statistics.