CU Alliance LLC, a CUSO holding company, said it has issued a dividend payment between 4% and 15% to its owners.
The board of directors of the Houston-based CU Alliance said it attributed the dividend to the diversification of its business entities, "the hard work and dedication of the CUSO staff and the ongoing loyalty of our credit union clients in a challenging economy." As a result, the CUSO said it was able to manage expenses and increase revenue. The dividend payment was scheduled to be paid on Nov. 1.
CU Alliance is the holding company for CUAC LLC, Member Home Loan, CU Alliance Marketing, Member Auto Center and Member Auto Sales. Since 1998, it has provided indirect lending services, mortgage lending services, retail sale repo liquidation and car-buying programs.
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