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 $50 million and under. Available assistance includes:

SAS Initiatives Account
Guidance in resolving document of resolution items and/or other issues revealed by exams and audits
Suggestions to improve your bottom line
Suggestions to enhance member utilization of credit union products and services
Facilitation of strategic planning sessions
Guidance in determining feasibility of field of membership expansion and guidance on regulatory requirements

 

SAS Credit Union Toolkit

Custom Performance Report

Each affiliated credit union 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 the Southern Region 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
SAS Initiatives Account

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, to use toward the purchase of any LSCU, LEVERAGE, or a CUNA product and/or service including:

LSCU Strategic Planning Sessions
LEVERAGE Products (LSCU Service Corp.)

When LSCU invoices your credit union for events/services used, your credit union should 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. Credit unions who receive a dues waiver are not eligible for the SAS Initiatives Account program.

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