Opinion ID: 411167
Heading Depth: 3
Heading Rank: 3

Heading: Data Processing

Text: 14 Another source of funds is the League's agreement with the Louisiana Computing Corporation (LCC). LCC agreed to prepare a new package of computer programs for use by credit unions in return for the exclusive endorsement and marketing assistance of the League. All software relating to credit union processing is jointly owned by LCC and LCUL. LCUL ordinarily promotes LCC services through field representatives. LCUL staffers recommend that the credit unions utilize LCC's data processing services when a computer-assisted accounting system becomes necessary. The League's data processing contracts with its member credit unions generally provide that LCUL will satisfy all their data processing needs. The League currently collects twenty-seven cents per credit union member account for monthly processing, of which it remits only eighteen or nineteen cents to LCC to cover its service charges. Thus LCUL nets eight or nine cents per member account per month from its data processing activities. 6