For the third-straight year, the Credit Union Service Centers of Alabama said it will pay arebate and a dividend to participating credit unions.
The CUSC board approved a patronage rebate program to issuersand acquirers based on the number of completed transactions in2013. That equates to 60% of 2013 net income before taxes. Inaddition, credit unions that are CUSC shareholders will also see a10% dividend of net income before taxes.
The rebate and dividend amounted to more than $130,000,according to CUSC. The rebate and dividend payments will only go toparticipating credit unions in Alabama because the CUSC is managedin that state.
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