OVERLAND PARK, Kan.- CNBS President/CEO Brian Hague said this year is another record year for the firm, but the pace is much more torrid than last year. Year-to-date CNBS' dollar volume of transaction revenue is up 54% over the same time last year. "Each of the last 10 months has been a monthly record and each of the last four quarters has been a quarterly record," said Hague. CNBS is a broker/dealer serving the credit union industry. Hague gave an obvious and probably a not so obvious reason to outsiders for why transaction volume is so high. "In part it's because of liquidity and in particular enhancements to our trading desk, but also because other traders are increasingly seeing the volume on our trading desk, and seeing CNBS can provide them bonds that can help their end clients," said Hague. These so-called dealer-to-dealer trades are a growing business for CNBS. "It's reached a point where we're pretty well known in the dealer community, which for a firm our size is pretty amazing," said Hague. Fee income is also up, some 26% year-to-date over last year. CNBS of course recently took on natural person credit union clients as shareholders for the first time in its history. While most of its corporate CU shareholders sold their stake in CNBS because they had competing interests, of those that stayed, most increased their ownership in the firm. With CNBS' performance numbers out of sight, will these shareholders see a nice dividend this year? Hague said that's a board decision so he'd be talking out of school if he committed to a dividend, yet with net income at more than five times the same period a year ago, Hague said that "management intends to recommend to the board that CNBS pay a dividend from this year's record earnings." In other news coming out of CNBS, at press time Hague was gearing up to ride in a bike tour on Sept. 6-7 to benefit the National Multiple Sclerosis Society, the third such year he's participated. It's a 150-mile bike ride spread over two days starting in Kansas City. Hague will be on Team COR (Church of the Resurrection, the largest Methodist church in the country), a team he founded. Hague is a member of the church, and CNBS sponsors the team. Last year the team raised $37,000 for MS. A new twist this year for Hague is his daughter Sydney will be riding with him on a tandem bike. "My daughter who is 12 started asking about the ride. When she's home she's more interested in the Disney channel and the Internet than talking to dad, so this is an opportunity to spend some time together," said Hague. [email protected]