ACCU Hopes to Keep Dues in Check

ARVADA, Colo. – The Association of Corporate Credit Unions’ Executive Committee held its strategic planning meeting in Colorado last week and among other things, dues were on the agenda. SunCorp President/CEO Eric Kenealy is currently ACCU’s chairman so he is hosting this event so to speak at SunCorp’s headquarters, said ACCU Executive Director Mike Canning. Canning said one item of the agenda will be ACCU’s dues, which Canning hopes stay status quo. Right now corporates pay $11 per million in assets, bringing in about $700,000 a year for the organization. “Margins are so tight, we can’t in good conscience raise the dues,” said Canning. At the session, the committee decided it will recommend to the rest of the membership that dues remain the same. The membership will ultimately decide at a meeting in October. At the planning session, the group also discussed strategies to try and bring risk-based capital to corporates. This initiative was one of the reasons ACCU hired consulting firm Dollar Associates, LLC, said Canning. Canning was also excited about the news that high-ranking Republican Congresswoman Deborah Pryce (R-Ohio) will soon be visiting Corporate One FCU as part of ACCU’s program to try and attract members of Congress to their home state corporate. Empire Corporate, WesCorp and Corporate Central have already hosted some lawmakers this year at their facilities. ACCU’s Executive Committee is made up of Kenealy, WesCorp CEO Bob Siravo, VolCorp CEO Bruce Fahnestock, Southwest Corporate CEO Francis Lee and Treasure State Corporate CEO Brad Miller.