Credit Union Officials Highlight Direct Assistance from Economic Development Specialists
ALEXANDRIA, Va. (March 7, 2012) – Small credit unions interested in accessing free consultants may now view the second video posted by the National Credit Union Administration’s (NCUA) Office of Small Credit Union Initiatives (OSCUI). NCUA provides the free videos on the agency’s “You Tube” channel and DVDs.
“While the first video in this series provided an introduction, this second video demonstrates how our staff succeeds in helping small credit unions survive,” said NCUA Board Chairman Debbie Matz. “This new video highlights OSCUI’s Direct Assistance program and the critical role our Economic Development Specialists (EDS) play in overcoming challenges facing small credit unions. Our EDS team provides selected small credit unions with valuable yet free expert consulting services.”
NCUA Board Member Michael Fryzel opens the video by describing the interrelationship between the mission and goals of NCUA and the purpose of OSCUI. The office concentrates on four programs:
- Loans and Grants,
- Partnership and Outreach, and
- Direct Assistance
OSCUI Director Bill Myers reviews the Direct Assistance program and the role of EDS staff. The program covers many facets of operational and strategic management concerns.
Credit union officials share their experiences with EDS consultants whose work has directly benefited their credit unions.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.