In today’s competitive marketplace, small credit unions are faced with a variety of challenges. The SAS Credit Union program is designed to facilitate growth and provide solutions to the challenges impeding growth for credit unions $50 million and under. Available assistance includes:
Guidance in resolving Document of Resolution items and/or other issues revealed by exams and audits
Analysis of member usage of products/services
Suggestions to improve operational efficiencies
Suggestions to enhance member utilization of credit union
Facilitation of strategic planning sessions/development of business plans
Support in determining feasibility of field of membership expansion and guidance on regulatory requirements
Assistance with Bank Secrecy Act risk assessments
Assistance with ACH risk assessments
Small Asset Size Credit Union Toolkit is a valuable, ever-expanding resource containing budget, business plan, financial education and financial projection templates, questionnaires, sample presentations and best practices studies.
Custom Performance Report
Each affiliated credit union under $35 million in assets will receive a custom performance report on a quarterly basis. The 35+ page financial analysis will help credit unions assess their performance through peer comparisons in their state, peers in NCUA Region 3 and national peers. The report also includes a five-year financial comparison for the credit union. Key performance areas are highlighted with graphs and questions to consider.