CUNA terminated 18 people in its Madison office last week as part of a previously announced cost-cutting plan.
The cuts, which CUNA says are needed to close a $2 million shortfall, are on top of the eight layoffs the association announced in January. The layoffs affect people in areas such as administration, marketing and publishing.
Last month, the association said it would require all employees to take five days of unpaid leave between now and September. It is suspending contributions to employee 401(k) plans and also intends to make additional program cuts.
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
© 2025 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.