ICUL Service Corporation
November 2012



Small CU workshops opportunity to collaborate, innovate, communicate

League announces theme, speaker highlights for 2013 Convention

One Year after "Bank Transfer Day," Illinois CUs continue to see strong growth

Northwestern Illinois CUs host meet and greet for 17th Congressional Candidate

Plan now to join other execs/activists for 2013 CUNA GAC

Upcoming Events

Small CU workshops opportunity to collaborate, innovate, communicate
As a follow up to successful "Lunch and Learn" workshops held earlier this year, three small asset size (SAS) workshops have been scheduled for credit unions under $25 million in assets. 

These three-hour sessions will provide a unique opportunity to gain industry knowledge and put it to work in your credit union, including information on non-interest income, regulatory concerns, ACH compliance, marketing and more.  These programs, dedicated to driving financial health and member growth by providing SAS credit unions the tools they need to reach success, will be held in Springfield on November 28, in Kankakee on December 11, and in DeKalb on December 12. 

We hope you can join us.  For more information about the meetings, please contact Joni Senkpeil, ICUL Director of Small CU Development at (800) 942-7124, ext. 2723 or
click here to register.

League announces theme, speaker highlights for 2013 Convention
The League has announced that Mark Sievewright will provide keynote remarks at the 83rd Annual Convention.
The theme will be: "Passport to Success!"

Sievewright's keynote topic will be "How the Future of Credit Unions will evolve in the Next 20 Years." He will also present a breakout session, "Competing to Win:  Seven Strategies for Seven Trends in U.S. Financial Services."

Other speaker highlights will include Bill Hampel, Credit Union National Association Chief Economist.

These are just a few highlights of the sessions you will find at the Convention.  We will be sharing details about more sessions in upcoming issues of Indepth

Next year's Convention, to be held April 18-20, 2013, will return for the second year to the Schaumburg Renaissance Convention Center.  Make your plans now to attend!  Watch your mail and the League's Web site starting next month for more detailed information and registration details.  See you there!

One year after "Bank Transfer Day," Illinois CUs continue to see notable growth
In the year since consumers were urged to move their money from big banks to credit unions on "Bank Transfer Day" (Nov. 5, 2011), credit unions in Illinois have seen a surge in the number of new people becoming members.

In the 12 months ending June 2012, credit unions in the state of Illinois saw 43,622 new members, a growth rate of 1.6 percent.   That is the fastest rate of growth in Illinois since 2009.

During the same 12-month period, Illinois credit unions saw a much higher than average increase in the number of new checking accounts opened: 60,784, up 5.5 percent from the same period a year earlier.

The growth in new members and new checking accounts at Illinois credit unions contributed to the strongest growth in both of these areas that credit unions nationwide have experienced in over a decade.

Across the U.S., the nation’s 7,100 federal and state-chartered credit unions added 2.2 million new members in the 12 months ending June 2012, according to the latest figures available from the National Credit Union Administration (NCUA) and Credit Union National Association (CUNA).

That 2.2 million gain is a new-member growth rate of 2.2 percent—the fastest growth rate since June 2000-June 2001.  By way of comparison, the U.S. population grows at the rate of about one percent a year. Total membership in U.S. credit unions today stands at more than 95 million. 

Moreover, a modern-day record number of nearly 2.9 million new checking accounts were opened at U.S. credit unions in the 12 months ended June 30, the most since at least 1989, according to data from NCUA and CUNA.

In the state of Illinois, consumers save about $181 million a year by using credit unions rather than banks, according to CUNA data.  That works out to about $64 a member or $122 per family.

Northwestern Illinois CUs host meet and greet for 17th Congressional Candidate
Cheri Bustos, Democratic candidate for the U.S. 17th Congressional District was provided a friendly forum by credit unions in northwestern Illinois to discuss issues critical to credit unions in that area of the state, as well as other local matters of importance.

The meet and greet event was held October 23 at Cornerstone Credit Union’s branch location in Sterling, Illinois.  The Northwestern Illinois Chapter of Credit Unions, which hosted the event, is home to more than 225,000 members.

Bustos is a former alderman for the city of East Moline, Illinois.  Her career also includes serving as a journalist as well as in public relations and communications for the not-for-profit healthcare industry for more than 20 years.

Through her work experience and as a member of a local credit union, she has gained a considerable appreciation for the not-for-profit industry, including credit unions.  Bustos is a true believer of the movement’s "people helping people" philosophy and strongly supports maintaining the credit union member-owned, not-for-profit, cooperative structure.

"I am a big proponent of credit unions. I believe non-profits and credit unions are critical to the growth of our community," said Bustos.

Bustos also recognizes the need for credit union regulatory relief and has pledged to sponsor federal legislation to increase credit union lending limits to help provide needed credit to small business throughout northwest Illinois.

Credit Union National Association (CUNA) and credit unions are urging Congress to increase credit unions’ member business lending (MBL) cap to 27.5 percent of assets from 12.25 percent.  Doing so would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, according to CUNA.

Bustos is endorsed by the Credit Union Legislative Action Council (CULAC).  As a further demonstration of support, credit unions from the Northwest Illinois chapter distributed a statement of support to their members prior to the November 6, 2012 General Election.

"We are pleased to support Cheri Bustos’ election efforts," said Donald Edwards, Illinois Credit Union League (ICUL) Senior Vice President of Federal Governmental Affairs.  "We need a member of Congress like Cheri Bustos to continue to represent the interest of Illinois credit unions and their members."

As one of ICUL’s 24 chapters throughout the state, the Northwest Illinois Chapter of Credit Unions serves credit unions and credit union officials in Carroll, Jo Daviess, western Lee, western Ogle, Stephenson, and Whiteside counties.

Plan now to join other CU execs/activists for 2013 CUNA GAC

Although the CUNA Governmental Affairs Conference (GAC) is still months away, we wanted to be sure you know this event will be held February 24-28, 2013. 

As you know, as the largest and most impactful credit union conference, CUNA GAC is the one event that all credit unions should attend.  This year’s event will focus on the challenges and opportunities for credit unions presented by the agenda of the soon-to-be elected 113th Congress.

Join other champions of the credit union movement and help us demonstrate to our newly elected and veteran representatives how our commitment to our members makes credit unions different from other financial institutions.  The GAC is the credit union movement’s premier political event and its largest national conference.  The theme for the 2013 GAC is Powerful Cause. Positive Effect.  
Click here for more information, including the full hotel and event registration packet.

"It is important for credit unions to have a strong presence on Capitol Hill.  It is especially powerful when local constituents go to Washington, D.C.," said Dan Plauda, ICUL President/Chief Executive Officer.  "Our political success over the years has been due in large part to organized events to educate lawmakers about credit unions.  These Hill events are opportunities for attendees to visit their federal lawmakers to maintain a strong political and regulatory future." 

We appreciate your continued support and participation in our programs.  We look forward to seeing you in Washington!  

Upcoming Events
Check out "Dates" for details about other upcoming events.

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