SEATTLE — As expected, the Washington Credit Union League has overwhelmingly adopted an 18% dues hike for next year to provide "stable and sustainable funding during a time of credit union consolidation."

Acting at a business session at the close of the league's annual meeting here, delegates voted 46-2 in favor of the dues increase, which targets the largest CUs in the state for the biggest payments.

The dues increase, expected to bring $280,000 of additional income does allow CUs under $10 million a 50% reduction. The dues change also puts a yearly cap in which the WCUL board "may not raise dues by more than 10% in any future year."

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