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Small Credit Union Forum 9:00 a.m. – 10:00 a.m. Utopia C Speaker: Pamela Williams.

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Presentation on theme: "Small Credit Union Forum 9:00 a.m. – 10:00 a.m. Utopia C Speaker: Pamela Williams."— Presentation transcript:

1 Small Credit Union Forum 9:00 a.m. – 10:00 a.m. Utopia C Speaker: Pamela Williams

2 Special thank you

3 Small Credit Union Roundtable Illinois Credit Union League Annual Meeting April 18, 2015 Office of Small Credit Union Initiatives

4 Getting to Know You Illinois Credit Union League Annual Meeting April 18, 2015 4

5 Agenda Illinois Credit Union League Annual Meeting April 18, 2015 5 2014 Accomplishments What’s coming in 2015 Q & A’s

6 Consulting Category 20132014 CUs Competitive Semester(s) Enrollment 433389 CUs Non-competitive Urgent Need Enrollment 810 CUs Non-competitive New Charter Continued Support (CU less than 3- year chartered) 59 CUs Non-competitive NWRP 2214 Minority Depository Institutions N/A86 Proposed FCUs - Active New Charter Organizers 2127 Proposed FCU – Securing Charter 13 Illinois Credit Union League Annual Meeting April 18, 2015 6

7 Consulting – Illinois CUs Illinois Credit Union League Annual Meeting April 18, 2015 7 CU NameSCULIDMDINew AMBRAWYES ANTIOCH MBYES C T A F CYES CARLE EMPLOYEESYES CTA - C AND MYES EDUCATION PERSONNELYES IECYES MORRISON COMMUNITYYES MT. ZIONYES NIU EMPLOYEESYES NORTH SIDE COMMUNITYYES NORTHSIDE LYES R I DYES SCHOOL DISTRICT #9YES SOURCEONEYES ST. MARKYES TAYLORVILLE SCHOOL EMPLOYEESYES

8 Consulting – New CUs 2014 New Charters Community Works Greenville, South Carolina First Unity FCU McComb, Mississippi Lutheran FCU St. Louis, Missouri Tools New Charter Working Group New Charter Guide input New Charter Checklist Post Charter Guidance Illinois Credit Union League Annual Meeting April 18, 2015 8

9 Consulting - Special Assignments Home Based – 95 Credit Unions – 20 assisted by EDS 5300 Late Filers – Majority SCUs – EDS worked with 54 – Reduced to only 31 late Illinois Credit Union League Annual Meeting April 18, 2015 9

10 Grants and Loans 331 grants totaling $1,569,740 170 CUs first time awardees, 60 % of all 2014 awards 53% of CUs certified by CDFI Fund, funded through NCUA CDFI Certification Initiative Urgent Need grants to 9 CUs totaling $43,963 1 Home Base Relocation Loans 12 loan applications for a total of $5,030,000 More than $8 million outstanding Grants Illinois Credit Union League Annual Meeting April 18, 2015 10

11 Congratulations! Illinois Credit Union League Annual Meeting April 18, 2015 11 Illinois CU Grant and Loan Awardees - 2014

12 Training – In-Person Events 469 CEO Boot Camps 306 Workshops Round Robins – NCUF – CUNA MUTUAL – Leagues, Foundations Illinois Credit Union League Annual Meeting April 18, 2015 12

13 TopicsLiveArchivedTotal Profiling Products and Services for Underserved Members 345177522 Exam Modernization 9201871,107 Field of Membership Expansion 551235786 BSA-MSB: What You Need to Know 2,2841,0683,352 Small Dollar Lending 625277902 How to be in Compliance with OFAC and FinCEN PT II 1,5965302,126 How to be in Compliance with OFAC and FinCEN PT II 1,1712351,406 Mobile Apps 8812001,081 Disaster Recovery 8681831,051 Merger Best Practices 670201871 Product Pricing 457178635 Building a Loan Portfolio 66190751 Internal Controls 1,009261,035 Totals 12,0383,92715,965 Training – Online Events Viewers: 2014 Webinars

14 Training – Online Events OSCUI had 5 of the Top 10 NCUA YouTube videos of 2014 Top 3 - Fraud series #6 and #10 Supervisory Committee Training series www.ncua.gov/oscui/videos Illinois Credit Union League Annual Meeting April 18, 2015 14

15 Partnership & Outreach - FOCUS Illinois Credit Union League Annual Meeting April 18, 2015 15

16 Partnership & Outreach - Website Illinois Credit Union League Annual Meeting April 18, 2015 16

17 Impact Study - Why Do It? Illinois Credit Union League Annual Meeting April 18, 2015 17 OSCUI historically tracked its production: Number of consultations (EDS contacts) Hours of consultations Number of grants and loans Grant and loan dollars Attendance at training events (workshops, clinics, roundtables, webinars, videos)

18 Impact Study - Why Do It? Illinois Credit Union League Annual Meeting April 18, 2015 18 Our productivity ≠ CU Impact Did the CU implement our recommendations/project/training concepts? If not, why? If so, what was the result? Which initiatives are most successful? How can we replicate the successes, discontinue less productive?

19 Impact Study - What Was Done Illinois Credit Union League Annual Meeting April 18, 2015 19 The study had three phases: Phase I: Quantitative review Phase II: Qualitative review Phase III: Convening and report

20 Impact Study – Key Findings Illinois Credit Union League Annual Meeting April 18, 2015 20 CUs $1 million to $10 million in assets experienced greatest impact. Consulting service had the highest impact of our services. The impact was most significant for small, low-income credit unions. Grants most effective on LIDs between $1 million to $10 million. Low-income CUs (LIDs) benefit more than non-LID CUs. Minority CUs benefit at the same rate as all credit unions. New credit unions benefit from all categories of services.

21 Resource Development Illinois Credit Union League Annual Meeting April 18, 2015 21

22 What to Expect – NCUA Illinois Credit Union League Annual Meeting April 18, 2015 22 Proposed Definition of Small Now at $50 Million Request for Comment ends April 27

23 What to Expect in 2015 - OSCUI Illinois Credit Union League Annual Meeting April 18, 2015 23 Calendar MarchRelease of CDFI Certification video April2014 Accomplishments May Consulting nominations for July – Dec. JuneRound 2 of Grants 2Q2015Board of Directors video 3Q2015OSCUI Funding Guide

24 What to Expect - Grants Illinois Credit Union League Annual Meeting April 18, 2015 24 Online applications Targeted, focused initiatives Single application for all grant initiatives Information and applications on website: www.ncua.gov/oscuigrantsandloans Next grant round June 2015

25 What to Expect - OSCUI Illinois Credit Union League Annual Meeting April 18, 2015 25 Projects & Resources Assistance to new CU organizer groups New Charter Working Group Post Charter Procedures Checklist How to Loan to Sub Prime Borrowers Funding Guide

26 OSCUI Contact Information 26 Contact our office with questions: Email: OSCUImail@ncua.govOSCUImail@ncua.gov Telephone: 703-518-6610 Website: www.ncua.gov/OSCUIwww.ncua.gov/OSCUI Challenges and Opportunities

27 Reminders: Complete Session Evaluation Send a Tweet

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