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Illinois leagues small CU conference attracts 80
(From left) John Bratsakis, Illinois Credit Union League (ICUL) chairman; Dan Plauda, ICUL president/CEO; and National Credit Union Administration Vice Chairman Rodney Hood at the league’s Small Asset Size Credit Union Conference. (Photo provided by the Illinois Credit Union League)
NAPERVILLE, Ill. (8/15/08)--More than 80 credit union staff and board members attended the Illinois Credit Union League’s seventh-annual Small Asset Size Conference for credit unions under $20 million in assets. At the conference, Rodney Hood, vice chairman of the National Credit Union Administration (NCUA), discussed the state of small credit unions. He said Illinois’ small credit unions are strong, with a net worth of 15.5%, compared with 11.1% nationally. About 98% of those credit unions have CAMEL ratings of 1, 2, or 3, he added. “We are committed to small credit unions,” Hood said. “As vice chairman, I want to keep you healthy and vibrant.” Small credit unions should reach out to NCUA’s Office of Small Credit Union Initiatives for resources, including community development grants, economic specialists and partnerships, he added. Other topics at the conference included disaster recovery, bankruptcy and collections, compliance updates and networking. “We strive to be a focal point to help our small credit unions succeed,” said Dan Plauda, ICUL president/CEO. Small credit unions represent 75% of ICUL’s members. The conference was sponsored by the league; the Illinois Credit Union Foundation; Members United Corporate FCU, Warrenville, Ill.; and CUNA Mutual Group.


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