Alabama CUSC Pays Out $130,000
For the third-straight year, the Credit Union Service Centers of Alabama said it will pay a rebate and a dividend to participating credit unions.
The CUSC board approved a patronage rebate program to issuers and acquirers based on the number of completed transactions in 2013. That equates to 60% of 2013 net income before taxes. In addition, credit unions that are CUSC shareholders will also see a 10% dividend of net income before taxes.