NCUA Provides Small Credit Unions With Free Laptops

Posted by Orb Staff on September 17, 2012 No Comments
Categories : Residential Mortgage

12396_ncua NCUA Provides Small Credit Unions With Free Laptops In an effort to improve business efficiency while contributing to a greener business environment, the National Credit Union Administration (NCUA) has provided 14 small credit unions with new laptop computers.

The NCUA's Office of Small Credit Union Initiatives (OSCUI) identified small credit unions – each with less than $10 million in assets – that manually filed quarterly call reports, and provided those that were interested with computers to enable them to perform electronic online report filing. The OSCUI provided IBM T500 laptops, and the NCUA staff will perform follow-up with the credit unions, including necessary training.

The computer donations were presented as part of the regulator's ‘greeNCUA’ environmental initiative to reduce paper use, lower energy consumption and increase recycling.

‘We're constantly seeking opportunities to give small credit union managers the tools, training, support and resources needed to improve efficiency and aid in the economic viability of their institutions,’ says NCUA Board Chairman Debbie Matz. ‘These donations are part of NCUA's efforts to eliminate paper call report filings in 2013. It's a smarter, greener way to do business, and one that will enhance the calculation of the industry's quarterly performance statistics.’

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