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
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
14 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
15 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
15 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
17 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
18 hours ago