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Texas league announces 10 rebate
DALLAS (4/28/11)--The Texas Credit Union League (TCUL) will provide its member credit unions with a 10% dues rebate for 2011--a total of $550,000--the league announced at the close of its annual business meeting Tuesday in Austin., Texas.
Click to view larger image Credit Union Resources Inc. Chairman Paul Trylko presents a dividend check in the amount of $550,000 to Texas Credit Union League Chair Pamela Stephens at the league annual business meeting. On Tuesday, the league announced it would return the amount to its members as a 10% dues rebate. (Photo provided by Texas Credit Union League)
“It’s the right thing to do,” said league President/CEO Dick Ensweiler of this decision. Credit Union Resources Inc, a TCUL subsidiary, notified the board of directors in March of its intention to present the dividend to the league. At its March meeting, the board decided to return the money to its member credit unions. Annual meeting attendees offered applause when league Chair Pamela Stephens announced how the league would use the $550,000 check received from Credit Union Resources. "The credit union movement, not unlike any other industry, has dealt with its fair share of challenges,” Stephens said. “Returning dividends to our dues-paying members is our way of showing how much we appreciate their loyalty and commitment to this organization during the good times and the not-so-good times.”


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