The National Credit Union Administration (NCUA) will accept nominations for consulting assistance from qualifying credit unions until Wed., Nov. 30.
Credit unions may nominate themselves or be nominated by an examiner from NCUA or a state supervisory agency. Each institution chosen to participate will be assigned an economic development specialist.
To qualify for NCUA’s consulting assistance, a credit union must fall into one of the following categories:
- Have total assets of less than $100 million
- Have been chartered for fewer than 10 years
- Be designated as a Minority Depository Institution
- Or have a low-income designation from NCUA.
“NCUA’s program is a wonderful opportunity for credit union management to obtain one-on-one guidance from seasoned consultants,” Jean-Marie Komyathy, acting director of NCUA’s Office of Small Credit Union Initiatives, said in a statement. “The customized help is provided at no charge and offers credit unions a chance to explore different avenues for growing operations and expanding member services.”
The 2017 consulting period runs from Jan. 1 through June 30. Credit unions selected for the consulting round will be announced in late December. Credit unions not chosen may apply again in subsequent rounds.
