Operations

Small CUs Seek Ways to Work Together

Avoiding mergers or liquidation may require greater cooperation.

June 17, 2013
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League support
 
Smaller credit unions may also be able to get specialized assistance from their leagues.
 
Members of the Pennsylvania Credit Union Association (PCUA) demand it, says Compliance Administrator John F. Kilduff. More than half of PCUA's member credit unions have less than $20 million in assets.
 
PCUA offers a variety of services to small credit unions, Kilduff says, including:
  • SCUNet, a small credit union network offered via the league’s website;
     
  • News and information specifically for small credit unions via a monthly electronic newsletter;
     
  • Mentoring, where credit union personnel can seek advice and help on various topics from their peers;
     
  • Discounts for webinars and conferences;
     
  • Compliance assistance through a program called Compliance Cavalry, which provides consulting, training, and policy reviews;
     
  • Financial grants through a foundation that awards up to $5,000 to assist with training, education, marketing, and other needs; and 
     
  • Face-to-face networking through the PCUA’s credit union chapters.
NEXT: CU Partnerships

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