SAN DIMAS, Calif. -Financial Service Centers Cooperative, Inc., an international credit union shared service center network, has paid $320,000 in patronage dividends to shareholders. The cash payout came from acquired transactions performed in the last four and one half months of 2000. In March 2002, FSCC distributed a patronage dividend of approximately $1.1 million for 2001. The dividend was paid to shareholders for acquired transactions. Officials at FSCC predict the patronage dividend for 2002 will be roughly $1.3 million. Within the FSCC shared branch network there are over 370 branches in the U.S., Guam, Japan, South Korea, Puerto Rico and Italy. These branches, in combination with the national network, make up the over 800 shared branches in the U.S. shared branching world. FSCC is currently working with another 150 credit unions in 23 states representing 600 new branches. In addition, 28 branches in Hawaii will be added before year-end.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the October-02, 2002 issue of Credit Union Times Magazine • Subscribe!
FSCC pays $320,000 in dividends
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
