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.”

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?


NOT FOR REPRINT

© 2023 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.

 

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 © 2023 ALM Global, LLC. All Rights Reserved.