SAS Initiatives Account
SAS Initiative Account
The League of Southeastern Credit Union (LSCU) is committed to the growth, development, and success of its credit unions. A major part of this commitment is focused on the small asset size (SAS) credit unions and the many unique challenges they face. The LSCU views small asset size credit unions as an important constituency of our association and the credit union movement as a whole.
The LSCU board of directors has approved funding for the SAS Credit Union Initiatives Account Program, available to all affiliated credit unions $50 million in assets or less. The LSCU has created an account in your credit union’s name in the amount of $500, and your credit union will be able to use the money in your account toward the purchase of any LSCU, LEVERAGE, or a Credit Union National Association (CUNA) product and/or service including:
- LSCU Education and Training Events
- STAR/MERIT/VAP modules
- LSCU Strategic Planning Sessions
- LEVERAGE products (LSCU Service Corp.)
As the LSCU bills your credit union for the events/services used, your credit union can simply write on the invoice that it is to be paid out of your LSCU SAS Initiatives Account. The LSCU’s accounting staff will keep track of the expenditures from your account.
Only by working together can we truly succeed as an industry. The LSCU understands the challenges that smaller credit unions face and has pledged additional resources to assist SAS credit unions as we move forward. However, this plan can only be successfully executed by the continued support of the LSCU and CUNA through affiliation.
The SAS Initiatives Fund was approved based on the LSCU’s 2016 budget and will be reevaluated each year as part of our budget process. Unused funds in your account cannot be rolled over or given to other credit unions. This money must be used by Dec. 31, 2016, and cannot be accessed until your credit union’s 2016 LSCU dues have been paid.
If you have any questions regarding this program, email LSCU Vice President of Cooperative Initiatives Laura Vann.