ALEXANDRIA, Va. (Nov. 5, 2013) – To obtain free consulting services in the first half of 2014, small and low-income designated credit unions may now submit their nominations to the National Credit Union Administration.
“Often small and low-income credit unions don’t have the resources to hire consultants to improve their operations, but NCUA can help,” NCUA Board Chairman Debbie Matz said. “Run by NCUA’s Office of Small Credit Union Initiatives, the Consulting Program provides valuable technical assistance to small and low-income credit unions at no charge. Our program also demonstrates NCUA’s commitment to ensuring that these credit unions remain viable in the long run. I encourage all eligible credit unions to apply online.”
To submit a nomination, go to http://go.usa.gov/WWkW. Credit unions have until Nov. 30 at 5 p.m. (Eastern) to apply.
NCUA’s consulting services are provided by experienced economic development specialists who offer assistance to credit unions in the areas of budgeting, marketing, policy development, strategic planning, and operational and regulatory areas. Selected credit unions receive assistance for a six-month period.
Credit unions with total assets under $50 million, a new charter (fewer than 10 years), or a low-income designation are eligible for the Consulting Program. Credit unions may nominate themselves or be nominated by their NCUA examiner. Credit unions not chosen in one round may apply again in subsequent rounds.
Interested credit unions can learn more about NCUA’s Consulting Program by watching three videos here. NCUA posted the three modules about applying for the Consulting Program today. For additional information, visit http://go.usa.gov/Dzb5 or contact the Office of Small Credit Union Initiatives at firstname.lastname@example.org.
NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.
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 more than 101
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.