Monday, July 27, 2009

New minimum wage won't affect most CUs, says CUNA

MADISON, Wis. (7/23/09)--On Friday, the nation's federal minimum wage will increase to $7.25 per hour. However, the wage hike is not likely to have much effect for most credit unions.

"The new minimum wage will have little effect on credit union wage costs," said Steve Rick, senior economist for the Credit Union National Association.

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Courtesy of cuna.org

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