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News Now

Washington
NCUA Opens 2014 Consulting Nomination Process
ALEXANDRIA, Va. (11/6/13)--Nominations for the first 2014 round of the National Credit Union Administration's small credit union consulting program are now being accepted.

"Often small and low-income credit unions don't have the resources to hire consultants to improve their operations, but NCUA can help," NCUA Chairman Debbie Matz said. The program, she added, "demonstrates NCUA's commitment to ensuring that [small] credit unions remain viable in the long run."

Through the consulting program, the NCUA's Office of Small Credit Union Initiatives (OSCUI) offers budgeting, marketing, policy development and strategic planning assistance. The experienced economic development specialists that offer this assistance also help credit unions tackle other examination issues.

Credit unions with less than $50 million in total assets, charters that have been approved within the past 10 years, or low-income designations may be approved for the consulting program.

Nominations may be submitted by NCUA examiners or other agency staff, state credit union regulators, or by credit unions themselves. Nominations will be accepted until Nov. 30 at 5 p.m. (ET). Selected credit unions will receive assistance for a six-month period, the NCUA said.

A total of 319 credit unions applied in the 2013 first round of the program. For more information and a nomination form, use the resource link.
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