WASHINGTON (5/26/15)--The National Credit Union Administration’s Office of Small Credit Union Initiatives (OSCUI) had a banner year in 2014, according to the annual report of accomplishments issued last week.
OSCUI serves 70% of federal credit unions, institutions designated as small (less than $50 million in assets), low-income, minority depository institution or newly chartered (less than 10 years of operation).
OSCUI contracted the Filene Research Institute last year to conduct an impact analysis to review every contact the office has had with credit unions over the past five years.
“My favorite finding in the study was that, although the number of small credit unions declined drastically, more than 600 of credit unions formerly considered small now show up in the ‘big’ category, with assets greater than $10 million [the small credit union threshold prior to 2013],” said OSCUI Director William Myers. “We will study this success phenomenon further and bring our findings back to replicate our work with other small credit union clients.”
During 2014, OSCUI also:
OSCUI also has a monthly online newsletter, FOCUS, that can be viewed on the NCUA’s website, or subscribed to.