The League of Southeastern Credit Unions & Affiliates said Monday it will distribute a dues rebate check to its affiliated credit unions next month for the fourth year in a row.
This year's rebate will be 6.5% for each member credit union, which is equivalent to a total rebate amount of $225,000.
Since 2013, the Southeastern league has returned more than $1 million to affiliated credit unions in Alabama and Florida through dues rebates.
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Dues rebate checks will be mailed in April to credit unions that have paid their 2016 dues by March 31. However, credit unions that were granted a dues waiver or a dues reduction in 2015 are not eligible for the rebate.
"The rebate is not made possible simply because of operating efficiencies with the league," Patrick LaPine, president/CEO of the Southeastern league, said. "It also includes credit unions affiliating with the league, participating in our signature events, and doing business with LEVERAGE."
LEVERAGE is the league's for-profit subsidiary.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
