NCUA offering consulting services to small credit unions

by. Keith Leggett

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.

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