GRAND RAPIDS, Mich. – CU*Answers said it has returned $400,000 to its approximately 70 credit union owners in patronage dividends for 2008.
That doubles last year's patronage dividends of $200,000 and brings to $1.25 million the amount paid in the past five years, according to the Grand Rapids-based CUSO, a provider of core processing and other services to more than 165 credit unions.
"These patronage dividends, in conjunction with our other returns to our owners, resulted in over $1.14 million being returned to our owners in 2008," said Bob Frizzle, chief financial officer at CU*Answers (www.cuanswers.com).
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