NWCUA Programs and Resources Drive Small Credit Union Impact and Engagement in 2018
December 18, 2018
Small credit unions throughout the Northwest wrapped up a productive year in 2018, engaging with the Northwest Credit Union Association’s programs in various ways. From strategic initiatives and compliance updates to grant resources and roundtable discussions, small credit unions took an active role in shaping their own futures.
Record Roundtable Participation Grows Engagement
The biannual Small Credit Union Roundtable events saw strong turnout in 2018, as small credit unions gathered to discuss the latest industry updates and relevant issues. Topics included strategic initiatives; disaster preparedness and business continuity; the Credit Union National Association’s Open Your Eyes initiative; and roundtable discussions on participants’ most pressing needs and challenges.
Small Credit Unions Get Valuable Support and Assistance Through NWCUA
Credit unions of all sizes share the same structure, however with limited resources, small credit unions must find ways to seamlessly keep up with changing regulations. Your Association offers many tools to help small credit unions succeed, including compliance support, grant application assistance, business partnership connections, and events open exclusively to small credit unions.
Compliance support is an ongoing need for credit unions and through the third quarter of 2018, small credit unions accessed over 1,000 policies through your Association’s CU Policy Pro, and directed over 800 inquiries to the NWCUA Compliance Hotline.
In addition, all member credit unions have access to resources dedicated to navigating grant opportunities available through the National Credit Union Association and other organizations. Small credit unions accessed grant opportunities in growing numbers in 2018, receiving 77 percent of all NCUA grants awarded to Northwest credit unions. Over $108,000 in grant funding was awarded toward Digital Services and Security, and Leadership Development at small credit unions, and your Association was pleased to help these credit unions navigate the application process whenever called upon. at small credit unions, and your Association was pleased to help these credit unions navigate the application process whenever called upon.
Your Association’s business partner, Strategic Link, actively supports small credit unions, visiting them throughout the region to gain insight on their unique needs and challenges. Strategic Link works with business partners to ensure that their solutions are accessible for credit unions of all sizes and has recruited several partners with small credit union-friendly operations. Some of those partners include Consolidated Mortgage Group, Your Credit Union Partner, POPio Video Banking, and JRF Consulting.
On the advocacy front, credit unions saw regulatory relief wins in all Northwest states and at the federal level. NWCUA’s advocacy process is inclusive and small credit unions are encouraged to contact NWCUA about legislation of interest to small credit unions or to the Movement, or to provide input during rulemaking in the legislative process. To stay informed, small credit unions can sign up to receive updates from NWCUA’s Advocacy Blog.
Your Association has even more planned for small credit union resources in 2019. Look for an upcoming story in January about what’s in store for the year.
For more information on small credit union programs, resources or opportunities, contact Carmen Vigil, Director, Cooperative Momentum and Small Credit Union champion.
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