WEST PALM BEACH, Fla. -A spike in deposits in 2001 has led to corporate credit unions giving back to their member credit unions.

A number of corporates, including SunCorp, Mid-States, and FirstCorp have already announced that they are returning money to their member CUs, and at press time a handful of other corporates were set to make dividend announcements.

The increase in corporate CU assets was dramatic this year. According to Callahan & Associates data, from Sept. 2000 to Sept. 2001 corporate CU assets increased from $63 billion to $92 billion. Here's a look at how some corporates have returned money to member CUs.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.