Small Asset Size Credit Union Program
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 $35 million and under. Available assistance includes:
- CU Initiative Account
- 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
- Budget development
- Assistance with Bank Secrecy Act risk assessments
SAS Toolkit
The 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.
The key performance areas are:
- Growth trends
- Earnings
- Loans
- Shares
- Operating expenses
- Fee and other income
- Net worth
- Liquidity trends
- Productivity measures
- Investment performance
- Net interest margin