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Illinois small CUs conference attracts 100
NAPERVILLE, Ill. (9/17/09)--A record number of 100 participants from small credit unions throughout Illinois attended the Illinois Credit Union League’s (ICUL) annual Small Asset Size (SAS) credit union conference held recently.
Ray Rogers, left, chairman of the Illinois Quad Cities Chapter of Credit Unions, presented a $500 donation to Chad Pregracke, founder and president of environmental relief organization Living Lands and Waters, during the Illinois Credit Union League's recent Chapter Leaders Conference. (Photo provided by the Illinois Credit Union League)
The two-day conference for credit unions under $20 million in assets addressed challenges and concerns of this particular asset group. Topics focused on helping small credit unions compete in today’s turbulent and constantly changing marketplace. Nearly 270--or 72%--of ICUL’s member credit unions hold $20 million or less in assets. Highlights from the first day of sessions included a panel of speakers from the National Credit Union Administration (NCUA) and Illinois Department of Financial and Professional Regulation’s (IDFPR) Division of Financial Institutions (DFI). They included Ron Jones, NCUA economic development specialist; Gerald Schultz, NCUA supervisory examiner; and David Anderson, DFI senior financial institution examiner. The panelists discussed the Bank Secrecy Act (BSA) and common BSA violations, NCUA’s programs for small credit unions, and how small credit unions can work together with the IDFPR for the benefit of their members. They also provided information about identity theft and red flags. The second day of the conference included ICUL regional directors Joyce Jackson and Penni Gebke, who presented information on the benefits of strategic planning and creating a unique business plan. Carol Bertoux, ICUL associate general counsel, led a discussion on developing basic credit union policies. Other topics discussed included board member relations, marketing, shared branching and student outreach. “The SAS continues to be a premier educational event for our small credit unions,” said Dan Plauda, ICUL president/CEO. “This is a core group in our state, and we are very interested in providing them with all of the information and resources they need to be successful.” This year’s conference, the eighth annual event, was sponsored by the Illinois Credit Union Foundation and CUNA Mutual Group.


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