Small and low-income designated credit unions may now submit their nominations to the NCUA to obtain free consulting services in the first half of 2014.
“Often small and low-income credit unions don’t have the resources to hire consultants to improve their operations, but NCUA can help,” NCUA Board Chairman Debbie Matz said. “Run by NCUA’s Office of Small Credit Union Initiatives, the Consulting Program provides valuable technical assistance to small and low-income credit unions at no charge. Our program also demonstrates NCUA’s commitment to ensuring that these credit unions remain viable in the long run. I encourage all eligible credit unions to apply online.”
To submit a nomination, click here. Credit unions have until Nov. 30 at 5 p.m. (Eastern) to apply.
NCUA’s consulting services are provided by experienced economic development specialists who offer assistance to credit unions in the areas of budgeting, marketing, policy development, strategic planning, and operational and regulatory areas. Selected credit unions receive assistance for a six-month period.
Credit unions with total assets under $50 million, a new charter (fewer than 10 years), or a low-income designation are eligible for the Consulting Program. Credit unions may nominate themselves or be nominated by their NCUA examiner. Credit unions not chosen in one round may apply again in subsequent rounds.
Interested credit unions can learn more about NCUA’s Consulting Program by watching three videos here. For additional information, click here or contact the Office of Small Credit Union Initiatives at email@example.com.