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CU System
New Mexico Association rebates CUs dues
ALBUQUERQUE, N.M. (2/24/10)--The Credit Union Association of New Mexico (CUANM) board of directors announced that a dues rebate from CUANM will be sent back to its affiliated credit unions. After completing CUANM’s 2009 end-of- the-year financial report, the rebate--calculated from CUANM’s remaining adjusted net income for 2009--equals about 20% of the credit unions’ normal dues it was determined. “Associations such as ours were built to support the credit union world and that means more than just collecting dues,” said William Jacobs, chairman of the CUANM board and CEO/president of White Sands FCU, Las Cruces, N.M. “The role of the association is to know when it is time to give back and that’s exactly what we have done,” he added. “This rebate represents years of hard work that put us in the financial position to accomplish this. I am very proud of what that association is doing for the good of the credit union world.”
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