NAPERVILLE, Ill. (11/14/13)--The Illinois Credit Union League this week held expanded state-wide workshops for credit unions with less than $50 million in assets.
The symposia were held in Dekalb, Springfield and Edwardsville. They featured discussions about cooperation between credit unions, human resources, internal controls, strategic planning, political action, public relations and member disclosures.
"In our on-going, critical dialogue with small credit unions, we wanted to keep offering opportunities for them to gain industry knowledge and put it to work right away in their shops," said Joni Senkpeil, league director of small credit union development. "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 willingness of larger credit unions to dialogue with them by sharing information and best practices."
Presentations were given by league staffers, credit union employees and others.
The league's website also features resources for small credit unions which include documents, templates, and other information, and the league hosts an annual SAS (small asset size) Credit Union Conference. The league's SAS Advisory Group is charged with four priorities on behalf of SAS credit unions: reducing regulatory and compliance burden, promoting collaboration, enhancing communication, and increasing competitiveness.
Illinois has 276 credit unions with less than $50 million in assets. They make up 80% of the league's member credit unions.