SOUTHFIELD, Mich. – The $2.7 billion CenCorp declared a $400,000 patronage dividend to members last month. The dividend was to be paid as part of the dividend on Member Capital Share Deposit (MCSD) accounts in December 2003. The December dividend on that account was 6%. Including the patronage dividend, the rate by CenCorp on the MCSD account averaged about 50 basis points over a three-year US Treasury security during 2003. CenCorp serves 440 CUs, primarily in Michigan.
NOT FOR REPRINT
© 2025 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.
