news.cuna.org/articles/119648-sakash-discusses-small-credit-union-report-highlights
Sakash discusses small credit union report highlights

Sakash discusses small credit union report highlights

July 9, 2021

CUNA’s Manager of Small Credit Union Initiatives Tom Sakash spoke on CUBroadcast recently to discuss highlights and takeaways from CUNA's recent white paper, "The State of Small Credit Unions Today." The paper, released earlier this week, was produced by CUNA’s Small Credit Union Committee.

It outlines how cross-industry support can lead to greater collaboration at all asset levels and provides recommendations for the preservation of small credit unions nationwide. The paper builds on research from a 2001 Small Credit Union Committee report which served as a roadmap to preserve and strengthen the small credit union model.

Takeaways from the paper include:

  • The dynamic landscape of small credit unions;
  • A discussion on the value that small credit unions provide to the industry at large; and
  • Six challenges, paired with simple solutions, to help small credit unions remain relevant.