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Happenings in Montana

Happenings in Montana

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Happenings in Montana

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  1. Happenings in Montana Presented by Rick Christianson Credit Union Bureau Chief Regulating Financial Services, Protecting Montanans

  2. Our Goal: “Successful credit unions through partnership and common sense regulation.” Regulating Financial Services, Protecting Montanans

  3. State of the State Regulating Financial Services, Protecting Montanans

  4. Office of Small Credit Union Initiatives “OSCUI” Regulating Financial Services, Protecting Montanans

  5. A non-examination related office within the NCUA The Office of Small Credit Union Initiatives supports the success of small credit unions through training, consulting, grants and loans, and partnership opportunities. OSCUI recognizes the unique role small,low-income designated, minority, and new credit unions play in the lives of their members and communities. We are committed to helping these credit unions not only survive, but thrive. Regulating Financial Services, Protecting Montanans

  6. OSCUI Offerings: • Consulting • Training • Grants & Loans • Resources Regulating Financial Services, Protecting Montanans

  7. Consulting • Who is Eligible for Consulting? • Must be one of the following to be eligible: • A low-income designated credit union; • A small credit union (<$100 million in assets); • A minority institution; • A group wanting to charter a credit union; or • A newly chartered credit union less than 10 years old. • Offerings • Budgeting Guidance • Consumer Compliance • FOM Expansion/Capturing New Markets • Internal Control Guidance • Marketing Strategy Guidance • Merger Guidance • New Product Services/Development • Recordkeeping Guidance • Secondary Capital Guidance • Strategic Planning Guidance Regulating Financial Services, Protecting Montanans

  8. Training • Webinars (no cost) • Stay-up-to-date on relevant topics, • Generally 90 minutes in length, and • Conducted periodically and archived. • Learning Management Service (no cost) • Offers education in five categories: • How the credit union system works, • How credit unions are governed, • Credit union operations, • Products and services, and • Building community partnerships. Regulating Financial Services, Protecting Montanans

  9. Grants and Loans • What are Grants? • Grants are monetary awards made to support low-income credit unions. Grants do not have to be repaid. We offer two types of grants, regular and urgent needs. • Regular grants are available periodically throughout the year for specific initiatives. Urgent need grants are available any time for sudden, unexpected costs, which if left unaddressed, will result in a disruption of existing services to members. • What are Loans? • Loans are financial assistance made to support low-income designated credit unions with programs to improve members’ financial health and well-being. A credit union may apply for a loan at any time. However, awards are subject to funds availability. Regulating Financial Services, Protecting Montanans

  10. Resources • I. Resource Guides • Written publications including guidebooks, strategy guides and implementation guides. • Guidebooks do just that, provide general guidance • Strategy guides share ideas and strategies for expanding operations • Implementation guides shed light on things to consider as you start up a new service, policy or program • II. Partners • Partners are other federal agencies and non-profit organizations that offer programs, resources and services that help • credit unions meet their members' needs. • III. CDFI? • Community Development Financial Institutions (CDFI) is the U.S. Department of the Treasury’s recognition of specialized • financial institutions serving low-income communities. Credit unions that are certified as CDFIs are eligible to apply for • technical assistance and financial assistance awards from the CDFI Fund, as well as training provided through its Capacity • Building Initiative. Regulating Financial Services, Protecting Montanans

  11. Contact Information OSCUI: www.ncua.gov/About/leadership/Pages/small-credit-union-initiatives.aspx Montana State Chartered Credit Unions: Banking.mt.gov/credit_union Regulating Financial Services, Protecting Montanans

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