League of Southeastern Credit Unions and Affiliates to give 8.7-percent dues rebate to member credit unions
BIRMINGHAM, AL & TALLAHASSEE, FL (April 2, 2014) — The League of Southeastern Credit Unions & Affiliates (LSCU) has announced that all affiliated credit unions in Alabama and Florida will receive an 8.7-percent dues rebate in 2014. This is the second year in row that credit unions in both states have been given a dues rebate. The rebate is possible once again due to a strong financial year in 2013 by LSCU and LEVERAGE, the League Service Corporation.
“The LSCU & Affiliates continues to work hard to be streamlined and efficient,” said LSCU & Affiliates President/CEO Patrick La Pine. “For the second year in a row we have forwarded part of our success on to our member credit unions through a dues rebate. This shows that attending our educational events or doing business with LEVERAGE directly correlates to the level of service the League can provide.”
“The League looks at its relationship with credit unions as a partnership,” said LSCU/LEVERAGE Board Chairman Mary Ott Wood, who is also the CEO of Florida West Coast Credit Union. “To be able to offer a dues rebate two years in a row shows that the cooperative spirit is very much alive with the League and its member credit unions.”
The dues rebate will be in the form of a paper check at the end of April. There are a few restrictions that apply:
1) Credit unions must have paid their dues in full by March 31
2) Credit unions that were not affiliated in previous years are eligible to receive a dues rebate in 2013, but dues must be paid in full by March 31
3) Any credit union granted a dues waiver or reduction in 2014 are not eligible for a dues rebate
In 2013, the LSCU & Affiliates provided Alabama and Florida credit unions with a 10-percent dues rebate which amounted to about $310,000. This was the first dues rebate ever offered in either state. Also, credit unions that participate in LEVERAGE’s CO-OP debit card program received an additional $110,000 rebate later that year.
To learn more about the product and service offerings of LEVERAGE, visit www.myleverage.com.
The League of Southeastern Credit Unions represents 285 credit unions in Alabama and Florida with a combined total of $63 billion in assets and more than 6.5 million members. LSCU provides advocacy and regulatory information; education and training; cooperative initiatives (including financial education outreach); media relations and information; and business solutions. For more information, visit www.lscu.coop. Follow the League on Twitter at twitter.com/LeagueofSECUs or Facebook at facebook.com/LeagueofSoutheasternCreditUnions.