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PCUA board approves five policies
HARRISBURG, Pa. (9/16/09)--The Pennsylvania Credit Union Association’s (PCUA) board of directors Friday approved five policies during its Fall Leadership Conference. The association reaffirmed its existing policy to fully defend any adverse tax ruling at all costs--at federal, state, or municipal levels--through the courts or the legislature. The board voted to modify the association’s partnership with the Credit Union National Associations (CUNA) to broaden its education programming. PCUA will continue to promote CUNA education products and services where appropriate (Life is a Highway Sept. 15). The board also voted to continue its iBelong credit union awareness campaign, basing assessments on a three-tier funding option for credit unions that stipulates:
* Less than $20 million in assets--0.10 basis points; * $20-$50 million in assets--0.40 basis points; and * Greater than $50 million in assets--0.60 basis points.
This will result in nearly all credit unions seeing a decrease in their iBelong assessments, PCUA said. The board also approved increased membership fees for all asset categories over $100 million by $1,000 per asset category. Finally, the board agreed to a one-time free trial membership for non-affiliated credit unions, from Oct. 1 through Jan. 31.
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