ST. LOUIS — Acknowledging the impact of the current economy on small credit unions, the Missouri Credit Union Association is considering a reduction in dues next year.
The proposal–approved by the trade group's board of directors at a Feb. 4 meeting and to be voted on by the membership at the annual meeting in April–would shrink the dues expense for some member CUs as much as 17%.
"We recognize the economic pressures and increasingly tight margins that credit unions face today," declared MCUA President/CEO Rosie Holub in a statement explaining the dues proposal.
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