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

Small Credit Union Forum

9:00 a.m. – 10:00 a.m.Utopia C

Speaker: Pamela Williams

Special thank you

Small Credit Union Roundtable

Illinois Credit Union LeagueAnnual MeetingApril 18, 2015

Office of Small Credit Union Initiatives

Illinois Credit Union League Annual Meeting April 18, 2015

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Getting to Know You

5

Agenda

Illinois Credit Union League Annual MeetingApril 18, 2015

• 2014 Accomplishments • What’s coming in 2015• Q & A’s

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Consulting

Category 2013 2014

CUs Competitive Semester(s) Enrollment 433 389

CUs Non-competitive Urgent Need Enrollment 8 10

CUs Non-competitive New Charter Continued Support (CU less than 3- year chartered)

5 9

CUs Non-competitive NWRP 22 14

Minority Depository Institutions N/A 86

Proposed FCUs - Active New Charter Organizers 21 27

Proposed FCU – Securing Charter 1 3


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Consulting – Illinois CUs


CU Name SCU LID MDI NewAMBRAW YES YES ANTIOCH MB YES YES YES C T A F C YES YES YES CARLE EMPLOYEES YES YES CTA - C AND M YES YES EDUCATION PERSONNEL YES IEC YES MORRISON COMMUNITY YES MT. ZION YES YES YES NIU EMPLOYEES YES YES NORTH SIDE COMMUNITY YES YES NORTHSIDE L YES YES YES R I D YES SCHOOL DISTRICT #9 YES SOURCEONE YES YES ST. MARK YES YES YES TAYLORVILLE SCHOOL EMPLOYEES YES

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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


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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


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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


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Congratulations!


Illinois CU Grant and Loan Awardees - 2014

Credit Union Name Grant Amount Funding ProgramCOMMUNITY PLUS $3,000.00 TrainingCOSMOPOLITAN $4,000.00 Student InternshipCTA - C AND M $4,000.00 Student InternshipFOX VALLEY $2,500.00 CDFI Certification ISRAEL METHCOMM $4,000.00 Student InternshipJEFF-CO SCHOOLS $3,000.00 TrainingNORTH SIDE COMMUNITY $3,000.00 TrainingNORTHSIDE L $6,832.63 Urgent Need SHELL COMMUNITY $7,500.00 New ProductUNIFIED HOMEOWNERS OF ILLINOIS $30,000.00 Loan Program

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Training – In-Person Events

• 469 CEO Boot Camps• 306 Workshops• Round Robins

– NCUF– CUNA MUTUAL– Leagues, Foundations


Topics Live Archived Total

Profiling Products and Services for Underserved Members 345 177 522Exam Modernization 920 187 1,107Field of Membership Expansion 551 235 786BSA-MSB: What You Need to Know 2,284 1,068 3,352Small Dollar Lending 625 277 902How to be in Compliance with OFAC and FinCEN PT II 1,596 530 2,126How to be in Compliance with OFAC and FinCEN PT II 1,171 235 1,406Mobile Apps 881 200 1,081Disaster Recovery 868 183 1,051Merger Best Practices 670 201 871Product Pricing 457 178 635Building a Loan Portfolio 661 90 751Internal Controls 1,009 26 1,035 Totals 12,038 3,927 15,965

Training – Online Events

Viewers: 2014 Webinars

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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


Partnership & Outreach - FOCUS


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Partnership & Outreach - Website


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Impact Study - Why Do It?


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)

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Impact Study - Why Do It?


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?

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Impact Study - What Was Done


The study had three phases:• Phase I: Quantitative review

• Phase II: Qualitative review

• Phase III: Convening and report

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Impact Study – Key Findings


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.

Resource Development


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What to Expect – NCUA


Proposed Definition of Small• Now at $50 Million• Request for Comment ends April 27

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What to Expect in 2015 - OSCUI


Calendar

March Release of CDFI Certification video

April 2014 Accomplishments

May Consulting nominations for July – Dec.

June Round 2 of Grants

2Q2015 Board of Directors video

3Q2015 OSCUI Funding Guide

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What to Expect - Grants


• 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

http://www.ncua.gov/oscuigrantsandloans

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What to Expect - OSCUI


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

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OSCUI Contact Information

Contact our office with questions:

Email: [email protected]: 703-518-6610Website: www.ncua.gov/OSCUI

Challenges and Opportunities

mailto:[email protected]

mailto:[email protected]

Reminders:Complete Session Evaluation

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Thank youfor attending!

Documents

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