ALEXANDRIA, VA. (12/12/14)--The role and mission of the National Credit Union Administration's Office of Small Credit Union Initiatives was clarified by OSCUI Director William Myers in a recent meeting with the Credit Union National Association.
"OSCUI is committed to assisting small, new, minority and low-Income credit unions to survive and thrive. We want to avoid duplication of effort as we all support these two-thirds of all credit unions," Myers said during the meeting. "There's plenty of room to share with trade associations and vendors."
OSCUI Deputy Director Martha Ninichuk also participated in the meeting. Representing CUNA were General Counsel Eric Richard, Deputy General Counsel Mary Dunn and Vice President of Economics and Research Mike Schenk. Schenk is the chief liaison to CUNA's Small Credit Union Committee. Wes Millar, senior vice president of CUNA Strategic Services, was also included in the meeting.
Myers said the agency wants to help identify small credit unions that have the ability to provide the services their members need into the future and wants to work with the state credit union leagues and CUNA in that effort.
Issues regarding the objectives of OSCUI arose with the launching of an agency web portal providing listings of registered credit union service providers. The Credit Union Service Provider portal (CUSP) is intended to provide credit unions a basic service to quickly identify potential vendors by service type.
CUSP provides no ratings, no endorsements and no user feedback. Vendor registration in CUSP is maintained by the General Services Administration through the existing federal System for Awards Management (SAM.gov). The registration process is simple and free. The NCUA cannot modify, restrict or remove listings.
"We felt the meeting was productive and helped to reinforce the separate roles that the leagues, CUNA and NCUA have in addressing the needs of small credit unions. We were pleased that Bill emphasized that OSCUI wants to continue the dialogue with us and leagues to avoid overlaps regarding our distinct roles in order that support for a network of strong, small credit unions will continue," Dunn said after the meeting.