NAPERVILLE, Ill. (1/15/13)--The Illinois Credit Union League hosted a round of additional small asset-size (SAS) workshops for credit unions with less than $25 million in assets this winter, as a follow up to "Lunch and Learn" meetings held in 2011.
The programs, dedicated to driving financial health and member growth by providing SAS credit unions the tools needed for success, were hosted in Springfield, Kankakee and DeKalb.
Roundtable topics shared by the Illinois Division of Financial Institutions, National Credit Union Administration, CUNA Mutual Group, Alloya Corporate FCU in Warrenville, Ill., and others included information on non-interest income, regulatory concerns, marketing and Automated Clearing House compliance.
"If there's one thing that stands out in our industry, it's the ease in which small credit unions share and learn from each other and the value that comes from this unique quality that our industry possesses," said Joni Senkpeil, ICUL director of small credit union development.
The ongoing effort is an endeavor to study small-credit union challenges, offer resourceful solutions, and help secure the strength of the state's small-credit union community.
The league originally launched the "Lunch and Learn" workshop series in 2011 via a new SAS Advisory Group exclusively for credit unions under $25 million in assets as part of a statewide action plan for SAS credit unions in Illinois.
The advisory group was charged to create a plan that will provide a necessary and unique opportunity for credit unions to shape distinct and permanent SAS workgroups across Illinois. It includes four priorities for action, including: reducing the regulatory and compliance burden; promoting collaboration; enhancing communication; and increasing competitiveness.