The League of Southeastern Credit Unions & Affiliates said it will offer member credit unions in Alabama and Florida a first-ever dues rebates in 2013.
"Through consolidation we've been able to streamline our operations," said LSCU President/CEO Patrick La Pine. "That means that the league is running more efficiently. LEVERAGE has had a very good year financially and we feel it's important to have our credit unions share in our success in the form of a dues rebate."
Even though the economy is beginning to show signs of a sustained recovery, many credit unions in Alabama and Florida continue to struggle to increase earnings in addition to feeling regulatory pressure to cut operating expenses, the league said. Since consolidation, and with the support of the boards and credit unions, the LSCU & Affiliates have met and exceeded earnings the last two years and is on track to do so again this year, La Pine said.
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