The Credit Union Association of New York said it is doing its part to help member CUs cope with the recession's impact by cutting dues for next year.
In its weekly e-mailed bulletin, William Mellin, president/CEO of the 331-member trade group, noted that the economic malaise "is forcing everyone, including credit unions, to look for cost efficiencies" and that "we want to support you in that effort and provide you with the highest value possible from your association membership."
Mellin said the board approved the planned dues reduction at a Sept. 10 meeting at which bylaw changes were also made. The size of the actual dues reduction was not disclosed in the online message.
In supporting CU advocacy and providing needed services, Mellin said CUANY "must constantly be aware of the challenges you face and the needs you have in an ever-changing environment."
Though dues will be reduced, the association is managing to step up a number of services including its compliance programming, said Mellin. In that area, extensive calls have come in on the CARD Act and corporate stabilization, officials noted.
Mellin concluded by noting that "there are certain actions we take to achieve our mission every day, like fighting unnecessary regulations and advancing your priorities in Albany and on Capitol Hill."
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