Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Michigan CUL Board cuts dues again
LANSING, Mich. (12/21/11)--The Michigan Credit Union League (MCUL) & Affiliates' Board of Directors voted at its December meeting to cut membership dues again.

Its dues is already the lowest in the nation, the league said (Michigan Monitor Dec. 19). The league cut dues by 40% in 2001 and an additional 35% in 2010 and 2011.

The board voted to maintain the discounted dues levels for 2012 as a result of strong income from subsidiaries, high member capital at the league, and the desire to keep the cost low for member credit unions.

It also authorized an additional 50% rebate of 2011 dues, to be returned to member credit unions by year end. Credit unions paying dues by check will receive a rebate check in the affiliation package. Those paying by electronic funds transfer will see the rebate deposited into their account on Dec. 29.

"Our members' support is the reason for all of our success, and it's fitting that they should also benefit financially," said MCUL & Affiliates CEO David Adams.


RSS print
News Now LiveWire
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
14 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
17 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
17 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
18 hours ago
44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
18 hours ago