The NCUA stepped forward Wednesday in formal support of U.S. military veterans.

The credit union regulator signed a memorandum of understanding with the U.S. Department of Veterans Affairs to create more employment opportunities for veterans and promote greater workforce diversity in the agency through the Feds for Vets program.

The NCUA is the first financial services regulatory agency to partner with the VA in the program, which is part of the Obama Administration's national strategy aimed at increasing the number of veterans in the federal workforce.

The Feds for Vets program is supported by the VA for Vets website, a comprehensive online resource for both veterans and hiring managers that's part of the VA's Veteran Employment Services Office.

"We are excited about the potential of this partnership," said NCUA Board Chairman Debbie Matz. "America's servicemen and women have given so much of their time and talents to our nation, and they bring valuable skills and experiences to the workplace. We want to tap into this pool of eligible workers, who also have a deep commitment to public service."

NCUA's responsibilities under the new agreement include:

  • Using the VA for Vets website and promoting it through the agency's own websites;
  • Training staff in the veterans' hiring process and use of the VA for Vets website;
  • Providing links to agency job opportunities to the site; and
  • Tracking and reporting on marketing, outreach, recruitment and hiring goals.

The VA's obligations include:

  • Providing consultation services, including providing training and tools for human resources staff, recruiters and hiring managers;
  • Providing targeted marketing and outreach through social media, service organizations, veterans' associations and other outlets; and
  • Developing and posting job announcements and matching veterans to opportunities at the NCUA.

"One of my highest priorities as chair is to make NCUA an 'employer-of-choice' for talented candidates, and I want to make sure veterans know about the opportunities we offer and the satisfaction that comes from working here and making a difference," Matz said.

Since November 2009, NCUA has hired 128 veterans, 22% of agency hires in that time period.

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