Essay Paper
2. Develop a business plan for a student-managed credit union at UCR: Students in this group will research the start-up process and regulatory procedures for creating an NCUA (preferably student-run) credit union. Essentially, students will determine how many employees to hire (most can be student volunteers), what their qualifications must be, what NCUA and other regulatory requirements (including examinations) must be fulfilled for those employees, etc.
This group will also determine office (Assume that the university can donate space), lending and capital-raising activities and technological requirements. Various university credit union sites and the NCUA web site, http://www.ncua.gov/, probably are most helpful in this process as might
http://www.sba.gov/starting_business/planning/basic.html.
In addition, the group will estimate the costs on a periodic basis for starting up the credit union and determine how much start-up capital will be required. In addition, students will estimate future revenues and determine the viability of the start-up firm.
Write about these questions, use content here https://www.ncua.gov/regulation-supervision & https://www.guasfcu.com/ as example/reference
a) Determine how many employees to hire (most can be student volunteers), what their qualifications must be, what NCUA and other regulatory requirements (including examinations) must be fulfilled for those employees, etc.
