SAS Initiatives Account

The League of Southeastern Credit Unions (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
LSCU Strategic Planning Sessions
LEVERAGE products (LSCU Service Corp.)

As the LSCU invoices your credit union for the events/services used, your credit union can note 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.

The SAS Initiatives Fund was approved based on the LSCU’s 2019 budget and will be re-evaluated each year as part of our budget process. Unused funds in your account cannot be rolled over or transferred to other credit unions. This money must be used by Dec. 31, 2019, and cannot be accessed until your credit union’s 2019 LSCU dues have been paid.

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