X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ONTARIO, Calif – For the ninth year in a row CO-OP Network member credit unions will share in a record patronage distribution. The nationwide, surcharge-free network also reported that the $10.3 million from 2004 transactions will be the largest cash distribution from a CUSO in history. “A variety of factors have contributed to our ability to provide another record return to our shareholders,” says CO-OP Network CEO Robert Rose. “Last year produced record-setting transaction volumes that topped one billion, we’re nearing 20,000 ATMs in our surcharge-free Network across North America, we now have 21 million cardholders and we added nearly 400 new credit unions to the network. “Ninety-three percent of our volume comes from our shareholders, which makes it especially gratifying to deliver increased patronage. In addition to patronage we have also delivered value to our members through eight price reductions during the past eight years – and we anticipate another reduction in 2005.” All CO-OP Network member-shareholders receive a portion of the patronage distribution. The payout represents slightly more than one-cent per ATM and point-of-sale transaction.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.