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Missouri CU Association proposes dues reduction
ST. LOUIS (2/7/08)--The Missouri Credit Union Association (MCUA) is taking steps to reduce dues for its member credit unions. At its Feb. 4 meeting, the MCUA board of directors voted to propose a reduction in membership dues through a new formula that will result in as much as a 17% reduction for some member credit unions. “We recognize the economic pressures and increasingly tight margins that credit unions face today,” said MCUA President/CEO Rosie Holub. “The league is adequately capitalized and in a position to demonstrate the cooperative spirit. The board felt it was appropriate to do what we can to help support those member credit unions that support us through their investment in the three-tier system. “This reduction will have a significant impact on a number of our smaller credit unions,” she concluded. Member credit unions will vote on the dues formula change at the MCUA annual business meeting April 1 in Jefferson City.


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