Newsroom

May 02, 2016

Applications for NCUA consulting due May 31

Eligible credit unions interested in NCUA's consulting services have until May 31 to submit nominations, the agency announced yesterday.

Credit unions may nominate their own institutions for the program, or an NCUA examiner may make the nomination. To be eligible, a credit union must meet one of the following criteria:

  • have total assets of less than $100 million;
  • have been chartered for fewer than 10 years;
  • classify as a minority depository institution; or
  • have a low-income designation.

The 2016 consulting period runs from July 1 through Dec. 31. The consulting program application is available online.

Credit unions chosen for the program will be announced in June; institutions that are not picked in the first round may apply again in later rounds.