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NCUA Offers Free Consulting Services to Small Credit Unions
Monday, May 19, 2014 6:55 AM

Twice a year, the National Credit Union Administration's Office of Small Credit Union Initiatives allows nominations for a six-month period of consulting assistance to qualifying credit unions. Currently, qualified credit unions may submit a nomination for the consulting services through NCUA's website no later than May 31, 2014.

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 or regulatory areas.

Credit unions may nominate themselves or be nominated by an NCUA examiner. Credit unions not chosen in one round may apply again in subsequent rounds. NCUA provides two consulting assistance rounds each year.

To qualify for this assistance, a credit union must fall into one of the following categories:

  • have total assets of less than $50 million,
  • be a new charter (fewer than 10 years),
  • be a designated Minority Depository Institution, or
  • be designated as a low-income credit union.

"NCUA's free consulting program regularly delivers practical plans and technical advice that participating credit unions find highly valuable," NCUA Board Chair Debbie Matz has said. "Because NCUA is committed to helping small, new minority and low-income credit unions to remain viable, I encourage all qualified credit unions to submit a nomination."

To learn more, credit unions are invited to view three videos providing information on the consulting program available online here. For additional information, please visit the consulting page for the Office of Small Credit Union Initiatives on NCUA’s website or email the Office of Small Credit Union Initiatives at oscuimail@ncua.gov.