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What does the NCUA do?

What does the NCUA do?. The NCUA is a federal agency that charters and supervises federal credit unions and insures the majority of credit union deposits in the country . . Who pays for the NCUA?. The NCUA is funded by credit unions. It is not supported by tax dollars in any way.

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What does the NCUA do?

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  1. What does the NCUA do?

  2. The NCUA is a federal agency that charters and supervises federal credit unions and insures the majority of credit union deposits in the country.

  3. Who pays for the NCUA?

  4. The NCUA is funded by credit unions. It is not supported by tax dollars in any way.

  5. The National Credit Union Administration is 1 of 6 “FIRREA” Agencies exempted from Title 5 USC

  6. FIRREA EXEMPTED US FROM THE... • Federal Pay System • Federal Classification System • Senior Executive Service

  7. So, where did we go from there?

  8. CONCEPTS OF NCUA’s COMPENSATION SYSTEM • Attract high-quality employees • Stabilize turnover • Promote high performance on the job

  9. ADDRESSING RECRUITMENT AND RETENTION ISSUES

  10. Recruitment Bonus • $5,000 payment made to employee • Paid in two increments • EOD • Completion of Level V Training • Limited duration (last used 10/98 – 3/99) • 2-year service agreement

  11. Relocation Expenses • All expenses relating to a move on behalf of NCUA will be paid • Payment of $2,500 to first duty location • Advance of funds • Two house hunting trips • Temporary quarters • Moving and Storage Costs • Real estate expenses • $2,500 spousal reemployment benefit • Home purchase program

  12. Work at Home • Majority of NCUA employees work from home • Wide geographic dispersion • Reimbursement for certain home-office expenses • Tax benefit • Independence

  13. Flexi-Place for Office Employees • Allows employees to work at home • in certain situation • for specific periods of time • Must have supervisory approval • Employees use portable laptop computers and printers with fax, scan, and copy capabilities

  14. Transportation Subsidyfor Office Employees • Monthly transportation reimbursement – up to $65 per month, or free parking

  15. Travel Bonus • $50 for each travel day over 50 • $100 for each travel day over 100

  16. Flexible Work Schedules • Flexi-tour • Gliding Schedule • Maxi-flex Schedule

  17. PUBLICATION STIPEND • Each examiner provided $120 per year • Permits employees to order professional publications

  18. Employee Fitness • Central Office Fitness Facility • Six Regional Offices • Facilities or • Subsidies

  19. Free Health Screening • For all NCUA employees • Age 35 to 39 = every three years • Age 40 and over = every two years • Senior-level staff = annually

  20. ADDRESSINGPERFORMANCE IMPROVEMENTISSUES

  21. Merit Pay System • Annual pay raises directly linked to performance appraisal • Points are assigned, budget determines payouts

  22. Awards System • Annual Awards Program (of-the-year recognition for individuals and teams) • EEO Awards • Serving the Underserved • Special Act or Service • On the Spot • Time Off • Customer Service • Suggestion

  23. LOOKING AHEAD

  24. Keeping Up to Date • Quality of life committees • Surveys • Compensation studies • FIRREA agency meetings

  25. Areas Being Considered • Flexible spending accounts • 401(k) plan • Expansion of health benefits

  26. Additional Areas Planned and Under Review • Move to FEPCA-based locality system • Broaden pay ranges to 50% spread • Study competency-based pay

  27. Competency-Based Training & Pay • Employees select a “specialty” (e.g. cyber banking, investments, asset liability, lending, etc.) and NCUA provides special training • NCUA is considering paying competency pay to promote development of shortage skills

  28. HOW TO GET IN TOUCH WITH US • Visit our web site www.ncua.gov • Contact me at sherryt@ncua.gov • National Credit Union Administration • 1775 Duke Street • Alexandria, VA 22314

  29. THE END… For now, anyway…..

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