NAPERVILLE, Ill. (8/4/15)--The Illinois Credit Union League kicked off its annual Small Asset Size (SAS) Credit Union Conference at the league’s offices in Naperville, Ill., today, an event geared towards helping small credit unions grapple with the current financial services marketplace.
Nearly 70 executives from credit unions with asset sizes of $40 million or less will participate in the two-day event.
League President/CEO Tom Kane, who welcomed attendees to the conference this morning, said the league plays an important role in helping small credit unions survive and thrive in today’s financial services landscape.
“Small credit unions play a fundamental role in our state’s credit union movement, and this conference helps to address their common challenges year after year,” he said.
Among other activities, the conference features a number of panel discussions, including one today about the current regulatory environment.
Speaking on today’s panel will be Gerald Schultz, National Credit Union Administration supervisory examiner, and David Anderson, acting assistant supervisor for the Illinois Department of Financial and Professional Regulation.
Ron Jones, economic development specialist for the NCUA’s Office of Small Credit Union Initiatives, will also give a presentation.
On day two, attendees will sit in on a panel discussion called “Forming a Partnership,” which will tell the story of how four small credit unions banded together to found Partnership Financial CU, a collaboration that allowed each credit union to retain individuality while also helping them achieve growth, enhance member services and create a solid succession plan.