ALEXANDRIA, Va. (9/11/13, UPDATED 10:20 a.m. ET)--The National Credit Union Administration announced this morning that it has joined forces with the Department of Veterans Affairs (VA) to create more employment opportunities for veterans. The partnership is also intended to promote "greater workforce diversity" at the credit union agency through the Feds for Vets program.
A memorandum of understanding signed today by the agencies launches the cooperative effort. The NCUA noted in a release that it is the first financial services regulatory agency to partner with the VA in the program, which is part of the Obama administration's national strategy aimed at increasing the number of veterans in the federal workforce.
NCUA Chair Debbie Matz said, "America's servicemen and women have given so much of their time and talents to our nation, and they bring valuable skills and experiences to the workplace. We want to tap into this pool of eligible workers, who also have a deep commitment to public service. The Feds for Vets program will expedite the hiring process and find qualified employees for NCUA to hire."
Since November 2009, NCUA has hired 128 veterans, 22% of agency hires in that time period. Matz said the agency would "benefit tremendously" from the partnership with the VA in terms of greater efficiency in the hiring process and timely access to a large pool of job candidates, with the result that more veterans will join NCUA's workforce.
NCUA's responsibilities under the agreement include:
VA's obligations include: