XtendInc. announced that its board of directors has issued a 3.5%stock dividend to its credit union owners now that the books havebeen closed for the 2011 fiscal year.

The Grand Rapids, Mich., CUSO, which has now issued such a stockdividend for the second straight year, also announced that severalcredit unions have tapped on its resources to provide back officeservices as an extension of their internal team.

Xtendreported that the $36 million, 3,600-member Fortuna, Calif., InlandValley FCU; the $251 million, 26,700-member Alpena-Alcona Area CUin Alpena, Mich.; and the $26 million, 2,800-member Fort Wayne,Ind.-based Public Service Credit Union – had transitioned theexecution of several back office processes.

Diane Kilgore, manager of the CUSO's SRS team, “For two of thethree – Inland Valley FCU and Public Service CU – it was a matterof having our staff continue the support that we were providingfollowing their recent core data processing conversion and that wasa huge vote of confidence. For Alpena-Alcona Area CU it was amatter of expanding our role to take on more. We had beenproviding stand-in services for vacations, leaves and holidays, sowhen they asked us to take an everyday role we were verycomfortable with the task at hand.”

In addition, Xtend, which since early January has been providingits Audit Link compliance monitoring services for the $34.8million, 7,300-member Brewery CU in Milwaukee and the $144 million,23,000-member Park City CU in Merrill, Wis., reported it hasexperienced significant growth in its newest back office supportoffering.

The new service, which helps streamline the process of preparingand uploading the quarterly 5300 Call Report, has now been deployedat seven credit unions that utilize the CU*BASE core dataprocessing solution from Xtend affiliate CU*Answers Inc.

Xtend also said that it has added five new credit unions to itsownership ranks. They are the $35 million, 2,200-member DesMoines Police Officers CU in Iowa; Inland Valley FCU; the $241million, 27,000-member, Day Air CU in Kettering, Ohio; the $37.5million, 6,900-member, Wauwatosa, Wis.-based FOCUS CU; and the $79million, 13,900-member Grand Valley Co-Op CU in Grand Rapids,Mich. With the addition of these owners, Xtend is now equallyowned by 65 owners.