ALEXANDRIA, Va. (11/5/15)--Eligible small credit unions interested in counseling assistance in 2016 from the National Credit Union Administration’s Office of Small Credit Union Initiatives can submit nominations through Nov. 30.
The agency announced Wednesday that the first consulting period of 2016 runs from Jan. 1 to June 30. Credit unions selected for the program will be announced in December.
“I encourage all qualified credit unions to apply for our consulting program,” NCUA Board Chair Debbie Matz said. “From strategic planning to new product development, our consulting program provides individualized solutions for the challenges facing credit unions as they compete in a diverse and evolving financial services marketplace.”
A credit union can nominate itself, or be nominated by an NCUA examiner.
To qualify, a credit union must fall in to one of the following categories:
Credit unions not chosen in the first round may apply again in subsequent rounds.
In 2015, 397 federally insured credit unions enrolled in the program, and 27 new credit union organizers received consulting help from NCUA’s economic development specialists.