The League of Southeastern Credit Unions & Affiliates said it will offer member credit unions in Alabama and Florida a first-ever dues rebates in 2013.
"Through consolidation we've been able to streamline our operations," said LSCU President/CEO Patrick La Pine. "That means that the league is running more efficiently. LEVERAGE has had a very good year financially and we feel it's important to have our credit unions share in our success in the form of a dues rebate."
Even though the economy is beginning to show signs of a sustained recovery, many credit unions in Alabama and Florida continue to struggle to increase earnings in addition to feeling regulatory pressure to cut operating expenses, the league said. Since consolidation, and with the support of the boards and credit unions, the LSCU & Affiliates have met and exceeded earnings the last two years and is on track to do so again this year, La Pine said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
