ALEXANDRIA, Va. (May 3, 2017) – Qualified credit unions interested in applying for consulting assistance from the National Credit Union Administration have until May 31 to submit nominations, the agency announced today.
Eligible credit unions should complete the agency’s online application form [link no longer available]. Credit unions can nominate themselves or be nominated by examiners from either NCUA or a state regulator. Each credit union can choose its top three requests from a menu of services. Credit unions chosen to participate will be assigned an economic development specialist to assist them.
To qualify for NCUA’s consulting assistance, a credit union must be in one of the following categories:
- Have total assets of less than $100 million,
- Have been chartered for fewer than 10 years,
- Be designated as a Minority Depository Institution, or
- Have a low-income designation from NCUA.
Credit unions not chosen may apply again in subsequent rounds.
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, minority depository institutions and credit unions with a low-income designation.