Credit Union Uptick in New Members

The Credit Union National Association (CUNA) reported that credit unions nationwide have gained over 650,000 new members who deposited over $4.5 billion in new savings accounts since late September.  New Jersey credit unions have added roughly 9,900 new members with $68 million in new deposits.  As credit unions prepare compensation programs for 2012, it becomes more important to have a plan that is flexible to deal with the ever changing business environment with a view to regulatory compliance.  If you have questions, please contact Diana Neelman at ddn@compensationresources.com or (201) 934-0505 x105.