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News Now

CU System
Conn. league adopts Texas league small CU support program
MERIDEN, Conn. (10/10/08)--The Credit Union League of Connecticut’s “Small Credit Union Task Force” voted Wednesday to adopt the “Small Credit Union Support Program” model created by the Texas Credit Union League. The purpose of the program is to provide specific support in the areas of compliance, vendor management, advertising and marketing, asset liability management and budgeting, and networking opportunities for smaller asset size credit unions in Connecticut. “In an effort to provide more support to smaller credit unions, we researched several existing programs and found the Texas model to be a good fit for our credit unions in Connecticut,” said Anthony Emerson, Connecticut league president/CEO. “I really appreciate the cooperation shown to us by Dick Ensweiler and his staff at the Texas Credit Union League. It was nice not to have to recreate the wheel.” “Small credit unions everywhere are finding competing in this fast-paced and high-tech environment to be challenging,” Ensweiler said. “There are many opportunities for other credit unions and leagues to assist. We congratulate the Connecticut League for adopting the support program that has been developed and time-tested here.” The Credit Union League of Connecticut has already taken steps to fund the “Small Credit Union Support Program” by creating a dues-discount program, of which up to 5% of a credit union’s dues may go to the “Small Credit Union Support Fund.” Also, the league has offered several affordable and “scalable” compliance and information technology products and services to smaller credit unions in the state. “With a majority of credit unions in Connecticut having less than $20 million in assets, it is imperative that our league have plans and programs in place to support their needs and growth,” Emerson said.


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