For Details, Contact:
External Affairs
email: pacamail@ncua.gov
Fax: (703) 518-6409

August 7, 2007, Alexandria, Va. – The National Credit Union Administration (NCUA) has created “The Resource Connection” website as a central location to access and share information on credit union business practices, partnership resources, funding and training opportunities. Access "The Resource Connection" by clicking on the new computer icon located on NCUA's homepage http://www.ncua.gov.

“NCUA’s new Internet resource tool offers users a single source to access a wide array of valuable information that provides immediate and future benefit,” said NCUA Chairman JoAnn Johnson. “The Resource Connection” organizes and manages a vast scope of useful information that will constantly evolve. I encourage credit unions to utilize its many features and contribute their own best practices to the “Credit Union Connection” section.”

Online at http://www.ncua.gov/ResourceConnection/, “The Resource Connection” has three main sections:

1. The Credit Union Connection
2. The Partnership Connection
3. The Training Connection

The Credit Union Connection
This section features examples of programs and services offered by credit unions throughout the country. Business profiles provide practical examples to credit unions interested in learning more about offering similar programs and services. Credit union profiles are categorized into areas such as:

• Financial education;
• Liquidity;
• Loans; and
• Member services.

The number of profiles and categories of business practices relies on submissions from credit unions willing to share their success stories. NCUA encourages credit unions to email business practice information to TheResource@ncua.gov.

The Partnership Connection
This section contains profiles of programs offered by federal government agencies and foundations that partner with NCUA and credit unions. The profiles focus on programs that can benefit credit unions and their members. Each profile is presented in a standard format that identifies target participants, program objectives, eligibility requirements and costs. Contact information for the program and organization is also provided as a resource for acquiring additional information. Some examples of categories and Partnerships programs include:

• Financial assistance -- Community Development Financial Institution Fund programs;
• Financial education -- U.S. Treasury Financial Literacy & Education Commission;
• Lending -- SBA Basic 7(a) Loan Program;
• Volunteerism - IRS Volunteer Income Tax Assistance program; and
• Special accounts -- health savings accounts and individual development accounts.

The Training Connection
This section lists scheduled NCUA training events and training opportunities offered by NCUA’s partner organizations. Prospective participants may register to attend NCUA’s training events conducted throughout the country. Training offered by partner organizations includes seminars sponsored by the Federal Housing Administration and NeighborWorks America for loan processors, loan officers, housing counselors and other professionals in the field of affordable housing. 

Email inquiries and requests to share information about your foundation, federal government agency or credit union program to TheResource@ncua.gov.

The National Credit Union Administration is the independent federal agency that regulates, charters, and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of nearly 86 million account holders in all federal credit unions and the majority of state-chartered credit unions.