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News Now

CU System
New Mexico association board freezes dues
PHOENIX (12/8/08)--The Credit Union Association of New Mexico (CUANM) Board of Directors has voted to freeze the membership dues again for 2009. The announcement was made Friday by William Jacobs, president/CEO of White Sands FCU, Las Cruces, and CUANM Board chairman. The current dues schedule has not been raised since 2004, CUANM said. “While our organizational costs continue to increase, CUANM’s non-dues related activities help to absorb the impact normally passed on to member credit unions in the form of dues increases,” said CUANMN President/CEO Sylvia Lyon. “We are delighted that our financial performance affords us the opportunity to return this savings to our credit unions for the fourth straight year,” she said. “We realize how difficult it is for our members to sustain their earnings in these uncertain times, and we hope that this will be another signal of how much we appreciate their support year in and year out,” Lyon added.


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