Highlights from the Spring Small Credit Union Roundtable

Last week, 37 leaders representing 33 small credit unions from across the Northwest came together in Portland for the biannual Small Credit Union Roundtable. The event provided a platform for these leaders to share their unique challenges, successes, and goals, and to develop relationships that will help power their collective efforts to advance the Credit Union Movement.

“When I make the time to attend these events, I’m always reminded how truly valuable it is to get out of our own little cocoons and see how others are doing things,” said Scott Prior, President and CEO of Washington-based Connection Credit Union. “The reality for small credit unions is that collaboration and helping each other is critical for our survival. The Small Credit Union Roundtable is a great opportunity to get new ideas, further refine what you think is a good idea, and develop a network of other credit unions that can help in a specific area.”

In the event’s opening presentation, Northwest Credit Union Association President and CEO Troy Stang highlighted this spirit of collaboration, encouraging a united front to message the credit union difference and expand credit unions’ influence in the marketplace.

Cameron Madill, CEO of PixelSpoke, and Mike Schenk, VP of Research & Policy Analysis with CUNA, were invited to address several top-of-mind topics for small credit unions.

Madill encouraged credit unions to leverage community impact as their brand. He emphasized that credit unions can do well by serving those who have been marginalized by other financial service providers, sparking lively dialogue about the origins of the Credit Union Movement and how credit unions can remain true to that core purpose.

Schenk presented an economic analysis and report on his work with the CUNA Small Credit Union Committee, highlighting how credit unions can thrive and help their communities by continuing to develop a forward-thinking approach to financial services.

The small credit union community will come together again at the MAXX Convention in Spokane for a small credit union social on October 23. Small credit union leaders are invited to sign up for the event when registering for MAXX.

In the interim, NWCUA will continue to deliver resources designed to address small credit unions’ needs, including an upcoming webinar about how smaller institutions can comply with CECL. Check out the Small Credit Union Resources section for more details on the assets currently available to you through your Association.

For more information about small credit union events, please contact Carmen Vigil, NWCUA Community Manager, at cvigil@nwcua.org.

Posted in Around the NW, Events, Leadership.