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Credit Union Development
The Office of Small Credit Union Initiatives
was established by the NCUA board to support activities for small credit unions
promoting greater empowerment opportunities through:
- Serving as a conduit for current and relevant information;
- Serving as a repository of best practice information;
- Providing specialized technical expertise on pertinent issues; and
- Administering the Community Development Revolving Loan Fund (CDRLF)
Small Credit Union Program
One of our many initiatives is the administration of the national Small Credit Union
Program (SCUP). The program is designed to provide direct assistance to credit unions
through an NCUA Economic Development Specialist (EDS) for those enrolled in the
national SCUP. Enrolled credit unions can receive assistance with strategic management
or operational issues. A credit union must possess one of the following in order
to be eligible for national enrollment in the SCUP:
- Low-income designated credit union;
- A credit union with less than $10 million in assets;
- Group wanting to charter a credit union; or
- Newly chartered credit union less than 10 years old or less than $10 million in
assets.
A credit union qualifying for enrollment in the national program will display:
- Active volunteers and management committed to the credit union’s future development,
- No severe or persistent regulatory or safety and soundness concerns
- Willingness and ability to serve a viable field of membership
You can enroll your credit union in our national Small Credit Union Program by contacting
your local examiner. The examiner will contact our office to seek enrollment of
your credit union into the national SCUP.
Financial Assistance/Grants and Loans
Loans Available - Open: 10/13/08; Closes: 11/24/08
The Office of Small Credit Union Initiatives administers the Community Development
Revolving Loan Fund (CDRLF). The CDRLF provides financial assistance in the
form of technical assistance grants (TAGs) and loans to assist low-income credit
unions in providing service and stimulating economic activities in their communities.
Click on this link to be directed to the page with the requirements and the applications
for CDRLF Grants and Loans.
Training
During the year, the Office of Small Credit Union Initiatives conducts training
sessions at strategically placed conferences throughout the United States for small
or low-income credit unions offering topics that will assist credit unions in product
development, planning, operational and compliance issues.
Click here to see our agenda for this year and if a conference is coming close to
your area.
The Resource Connection
Developed by the Office of Small Credit Union Initiatives, The Resource Connection
consists of three major sections: The
Credit Union Connection, The Partnership
Connection, and The Training
Connection. Each section contains information on resources
available to credit unions and other NCUA stakeholders. Specifically, this section
includes examples of credit union programs and practices, resources available through
the NCUA's Partner organizations, and training available from the NCUA and its Partner
organizations. Click here to enter The Resource
Connection.
Small Credit Unions’ Rights under the Small Business Regulatory Enforcement Fairness
Act of 1996 in Word or
PDF.