The NCUA’s Small Credit Union and MDI Support Program
The NCUA?launched its Small Credit Union and Minority Depository Institution Support Program in 2022 to support and?preserve small credit unions and MDIs and to promote greater financial inclusion by expanding access to affordable, federally insured financial services.
The Support Program is available to MDI credit unions of all asset sizes and credit unions that are not MDIs with less than $100 million in total assets. The objective of the program is to provide additional hours and resources for exam staff to support small credit unions and MDIs. MDI preservation is also a priority of Section 308 of the Financial InstitutionsReform, Recovery, and Enforcement Act of 1989.?
The NCUA’s Support Program offers a variety of assistance in areas that include:?
MDI credit unions have utilized the Support Program for assistance with:?
The NCUA’s regional offices work closely with small credit unions and MDIs to ensure they are aware of all the resources provided by the Support Program. Contacts are completed by district examiners and can be provided as a standalone contact or in conjunction with an existing exam or contact. If your credit union is interested in assistance through the Support Program, please contact your examiner or regional office.?
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1 年Why is the Credit Union Cartel (the Profiteers of Tax-Exempt Banking) allowed to use their tax-exempt revenues to have attorneys as officers of the court, defraud state and federal courts over eight years to conceal financial institution and other crimes by, credit unions and their mutual insurer owned by 5,000 other credit unions, and by others on their behalf, and use three federal judges to conceal it? This is why tax-exempt status for credit unions must be revoked and the NCUA disbanded. More at... https://www.scribd.com/document/691915632/Evidence-Proving-Corruption-of-the-Federal-Judiciary-by-the-Credit-Union-Cartel-the-Profiteers-of-Tax-Exempt-Banking The Credit Union Cartel - https://vimeo.com/manage/videos/656256815?and?https://www.dhirubhai.net/groups/14221041/
Credit Union Advocate for 30 years! #CU ROCK STAR 2023, 2023 Women in Business Honoree for Senate District 25, 2024 Shapiro CU Advocate of the Year!
1 年As the CEO of a $75 million dollar Credit Union, it is my hope that one day the MDII will be more inclusive; the fact that having a Polish FOM disqualifies us, when we could really benefit from the help, is disheartening. I’m thrilled this is in place for some but I do wish that other groups were equally represented. We don’t qualify for MDI, zip code prevents us from qualifying for low income….every turn makes it difficult to provide our membership, which could really benefit from some of these programs. It’s my hope that NCUA takes that into consideration, especially for >$100 million in assets! We don’t fit in any of thr niches needed for grants, programs, assistance…yet we cater to a group that struggles with the same needs as other MDI’s.
Small credit union advocate, working to save small credit unions and preserve their legacy.
1 年This is wonderful! How can I help?