Corporates Approve 33% Dues Increase for Association of Corporate CUs

PALM SPRINGS, Calif. – At the Association of Corporate Credit Unions' 10th Annual meeting held here, corporate leaders voted to increase the ACCU's budget by 33%. The dues parameters were changed so the minimum the smallest corporates will pay is now $3,500, up from $3,000. On the other end of the spectrum, the minimum the largest corporates can pay was increased from $45,000 to $60,000. The ACCU's 2006 budget will be $800,000. A good percentage of the dues increase will go to fund the ACCU's new Compliance Clearinghouse. It hired Rhonda Whitley earlier this year to manage the Compliance Clearinghouse. TriCorp CEO Steve Roy and Southwest Corporate CEO Francis Lee were re-elected to the executive committee at the meeting. Also of note, former WesCorp CEO Dick Johnson and former Southwest Corporate CEO John Arnold, were in attendance. The meeting's agenda was decimated by the House Ways and Means Committee hearing on the tax-exemption. A number of scheduled speakers, such as NCUA Chairman JoAnn Johnson, had to cancel.