An $87,000 credit union is among the 179 small credit unions towhich the NCUA will offer consulting services during the secondhalf of 2014, the agency announced Monday.
|The NCUA's Office of Small Credit Union Initiatives isconducting the effort, the agency said. OSCUI economic developmentspecialists help the credit unions improve their budgeting,marketing, policy development, strategic planning, operations andregulatory compliance, the agency explained.
|Credit unions eligible for the NCUA's consulting help includedthose with fewer than $50 million in assets as well as those thathad been chartered for fewer than 10 years, had been designated aslow income credit unions or as minority depositoryinstitutions.
|Several of this semester's participating credit unions have morethan $100 million in assets and 21% are minority depository creditunions, the agency added.
|“OSCUI's consulting program is a valuable part of our efforts tohelp credit unions succeed in a changing economic environment andprovide needed services to their members,” NCUA Board ChairmanDebbie Matz said.
|“Consultants help credit unions think strategically, developplans and position themselves for future success,” she added.
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