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News Now

CU System
Texas city considers charge for in-school branches
GALVESTON, Texas (12/17/07)--In a matter that could have repercussions for other credit unions, two credit unions that operate on school property in Galveston may have to pay rent in the future. The Galveston public school district met Wednesday night to begin considering the matter. Galveston School Employees FCU is in a portable building behind Alamo Elementary School, and Island Teachers FCU is on the second floor of Ball High School (The Daily News Dec. 12). While the credit unions have used school property for several decades, they don’t pay to lease the spaces, and the school district pays the credit unions’ maintenance and utility fees. The district administration did not make a recommendation for action on the matter at the Wednesday meeting. District Superintendent Lynn Cleveland said the trustees could either continue to allow the credit unions to operate for free or charge them a minimal fee for use of school property and services. Cleveland added that the credit unions’ no-fee arrangement could be construed as gift of public funds, which the school district is not supposed to allow, according to it policy. Nationwide, self-reported credit union statistics compiled by the Credit Union National Association indicate that 165 credit unions in 30 states and the District of Columbia have branches in 567 schools.


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