ALEXANDRIA, Va.—Low-income designated credit unions show more signs of impact from NCUA’s Office of Small Credit Union Initiatives services than non-LID CUs, and the OSCUI would be more effective to continue to serve the previous ($10 million) definition of small CUs.
Those are among the key findings from the OSCUI Impact Analysis Study performed by the Filene Research Institute. The OSCUI commissioned Filene to conduct the study.
Filene' s study included data analysis, direct feedback and a practitioner focus group. It examined OSCUI’s work from 2009 to 2013, consisting of:
- 44,738 hours of consulting services, at no charge to the credit unions
- $6.5 million in grants and $21.7 million in loans
- Training to 7,000 credit union employees and volunteers
“We've spent several months analyzing the findings and discussing how what we learned will help us do a better job in the future,” said the OSCUI in its monthly newsletter. “Along with identifying our successes and potential future directions, the report is frank about our misses and shortcomings.”
Click here for the public version of the report, located in CUToday’s The Vault.