Wednesday, April 23, 2014

NCUA Offering Consulting Services to Small CUs

NCUA's Office of Small Credit Union Initiatives (OSCUI) provides free consulting services to small credit unions.

OSCUI's website states that consulting services range from operational to strategic management.
"OSCUI’s Consulting Program for operational jobs include budgeting, internal controls, policy development, regulatory compliance, and training of officials and staff. Strategic jobs include developing new products and services, marketing plans, strategic and business plans, field of membership expansion, funding opportunities, and succession planning. Additionally, assistance with Net Worth Restoration Plan (NWRP) or Revised Business Plan (RBP) is offered to small credit unions; plus consulting services to groups wishing to organize a credit union."

In addition, a recent issue of NCUA Report promoted these services in an interview with Bill Myers, Director of OSCUI.

However, I have a real problem with a federal government agency offering free consulting services. I don't believe this is a role for government. Consulting services should be left to the private sector.

Go to the OSCUI website.

1 comment:

  1. You have a problem with the federal government offering free consulting services. How about for small business start-ups, education, consumer advice from the FTC, income tax consulting from the IRS (when you can get them on the phone which is almost impossible); the list goes on. It seems to me that consulting is an important function of government.

    By the way, if the consulting is coming from NCUA, how good can it be?



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