CU*NorthWest of Liberty Lake, Wash., recently distributed its first dividend to shareholders since opening in 2005.
The CUSO, an affiliate of the cuasterisk network and CU*Answers in Grand Rapids, Mich., provides core processing and other digital services, such as mobile banking and website development, to nearly 20 credit unions.
CU*NorthWest presented its owners the dividend checks at its annual meeting held in Idaho on June 28.
“This dividend marks a real turning point for CU*NorthWest,” Debie Keessee, secretary/treasurer of the CUSO, told the stockholders. “We are no longer a startup company. Our first dividend check is a milestone to celebrate.”