Credit Union 24 Has Another Record Dividend

TALLAHASSEE, Fla. – Credit Union 24 has paid its network-participating credit unions approximately $7.2 million in dividends and rewards for 2005, the Florida based CU-owned ATM and EFT network announced. The $7.2 million disbursement includes a $2.5 million Patronage Dividend declared by the Credit Union 24 Board of Directors, and approximately $4.7 million earned by credit unions through the network’s Platinum Rewards program. The payout surpasses 2004′s record-setting disbursement by nearly $1.5 million, the network said. “Any success we have is the direct result of the support and commitment of our credit union network participants,” explained Credit Union 24 CEO Jim Park. “So when we succeed, our credit union members-the owners of Credit Union 24-share in that success. Much like the credit union movement itself, Credit Union 24 isn’t about profit; it’s about value, service, support and ownership.” Patronage Dividends are paid to all shareholders when declared by the Credit Union 24 Board of Directors. Platinum Rewards is a tiered rewards program that pays credit unions cash monthly, based upon their overall transaction volume with the network. Credit Union 24′s 2005 dividends and rewards translate to an extra four cents per transaction paid to the network’s credit union owners.