ALEXANDRIA, Va. (5/5/15)--Credit unions that qualify and wish to receive consulting assistance from the National Credit Union Administration’s Office of Small Credit Union Initiatives have until May 31 to submit nominations. The application is available online here.
“NCUA’s consulting program offers hands-on assistance and practical advice to help credit unions take advantage of opportunities in the marketplace and do an even better job of delivering affordable financial services to their members,” said NCUA Chair Debbie Matz. Credit unions can nominate themselves or be nominated by an agency examiner. The consulting services, available at no charge, are provided for a six-month period.
To be eligible for consulting assistance, a credit union must fall into one of the following categories:
Credit unions selected to participate in the program will be announced in June, and institutions not chosen in the first round may apply again. The next round of consulting begins July 1.
According to the NCUA, in 2014 more than 400 federally insured credit unions and 26 new credit union organizers received consulting help from one of NCUA’s economic development specialists on issues such as field-of-membership alterations, strategic planning, marketing and budgeting.