CU Direct Pays Dividend to Shareholders
For the sixth consecutive year, CU Direct Corp. said it has paid a dividend to its credit union shareholders, this time one for $1.4 million.
CU Direct’s board of directors approved a 3% dividend on the current share price of $1,000, totaling $1.4 million to its 91 member credit union shareholders for the 2010 calendar year, according to the company. The CUSO said its family of brands signed new agreements with 160 credit unions and its CUDL auto lending platform generated more than 419,000 auto loans at dealerships nationwide last year.
The CUSO is the parent company of CUDL, Lending Insights and the new Lending 360 and CUDL Retail brands.