ONTARIO, Calif. — CO-OP Financial Services member credit unions will receive a record patronage dividend, the parent CUSO for CO-OP Network has announced.
The member-shareholders will divide a $12.1 million cash disbursement, $9.8 million in allocated patronage dividend and a $26 million total net income, CO-OP said.
"The CO-OP board is very proud of the value we've created for our credit union shareholders," said David Maus, chairman of the Board for CO-OP Financial Services. "The cash and allocated patronage dividend, coupled with an already competitive price, makes the CO-OP Financial Services business proposition compelling for credit unions."
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? Sign In
© 2024 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.
