Applications for Free NCUA Consulting Due November 30
November 17, 2014
November 17, 2014
Applications for the NCUA’s free consulting services for small, new, and low-income designated credit unions, as well as minority depository institutions, are due November 30.
The consulting is offered through the administration’s Office of Small Credit Union Initiatives (OSCUI), and is designed to help credit unions meet challenges in areas like field of membership expansion, strategic planning, marketing and budgeting.
The application is available on the NCUA website, and the next round of consulting begins January 1, 2015.
Each credit union chosen to participate in the program is paired with one of the NCUA’s economic development specialists, who helps the credit union identify and solve some of its most pressing challenges. In 2014, more than 400 federally insured credit unions and 26 new credit union organizers received consulting help from the NCUA’s economic development specialists.
The NCUA highlighted several characteristics that make the consulting relationship successful:
- An engaged and motivated management team committed to implementing the ideas generated during the consulting engagement;
- Desire to explore your credit union’s problems and challenges and work with the consultant to develop creative solutions; and
- Willingness to form a real partnership with and include your consulting economic development specialist in the implementation phase of the consulting engagement.
Credit unions chosen to participate in the program are announced in June and December.
The NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, minority depository institutions and credit unions with a low-income designation. To learn more, visit the office’s webpage on www.ncua.gov.
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