Illinois League announces SAS CU Advisory Group
In a coordinated effort to facilitate a statewide collaborative effort, study small credit union challenges, offer resourceful solutions, and help secure the strength of its small credit union community, the Illinois Credit Union League (ICUL), through the Illinois Small Asset Size (SAS) Credit Union Advisory Group, has launched the first-ever statewide action plan for SAS credit unions.
"The existence of a viable, healthy small credit union community is not only vital to the financial well being of the members they serve, but also to the political and cooperative strength of the entire movement said Dan Plauda, ICUL president/chief executive officer. "We look forward to the advisory group being able to provide this additional level of service to such an important segment of credit unions."
The advisory group is 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:
- Reducing the Regulatory & Compliance Burden
- Promoting Collaboration
- Enhancing Communication
- Increasing Competitiveness
To view the plan, please click here. In addition, the Advisory Group is seeking individuals from small credit unions from throughout the state to serve as volunteers in work groups and help support the plans and activities set forth by the advisory group. To sign up as a volunteer and help your fellow small credit union counterparts, please click here for the form.
"SAS credit unions are big business - In Illinois 72% of all credit unions have less than $25 million in assets," said Joni Senkpeil, ICUL director of small credit union development. "It is our hope the action plan builds upon this foundation with prudent actions that support the continued growth of the small credit union community."
Members of the advisory group include: Michael Daugherty, CEO, Community Plus Federal Credit Union ($14.5 million, 3,200 members, Rantoul); Kimberly Hocking, CEO, Kaskaskia Valley Community Credit Union ($7.8 million, 2,200 members, Centralia); and Karen Jurasek, CEO, Generations Credit Union ($16.9 million, 2,600 members, Rockford); as well as staff members Vicki Ponzo, senior vice president of member services, and Senkpeil.