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Credit Union 24 Gives Back Nearly $6 Million

TALLAHASSEE, Fla. - Participating credit unions in Credit Union 24 received nearly $6 million from the network in 2004 for their participation in the steadily growing ATM and EFT network. The more than $5.8 million disbursement covers both a $2.3 million Patronage Dividend declared by the Credit Union 24 Board,...

By Staff Writer | Updated on June 28, 2005

TALLAHASSEE, Fla. – Participating credit unions in Credit Union 24 received nearly $6 million from the network in 2004 for their participation in the steadily growing ATM and EFT network. The more than $5.8 million disbursement covers both a $2.3 million Patronage Dividend declared by the Credit Union 24 Board, and more than $3.5 million earned by credit unions through the network’s Platinum POS Rewards program. “Patronage Dividends come from strong network performance and loyal member support, and we’re excited to be able to reward our shareholders in this way,” said Jim Park, CU24′s president and CEO. “The $6 million pay out is part of Credit Union 24′s value mix. Combine the dividends, the POS Rewards, and our ability to capture more transactions at merchant and ISO locations, and Credit Union 24 leads the field in cost-effective EFT.”

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