CO-OPFinancial Services will return millions of dollars toparticipating credit unions from its 2013 operations, announcing a patronage pool of $30.5 million on Monday.
That figure is 17% higher than the $26.1 million in patronagefrom 2012's operations, and brings the total of monies returned tothe CUSO's members to $284.1 million since it began in 1996.
“The year 2013 was a good one for the credit union system, withmembership, loans and earnings up in aggregate for the industry,”said StanHollen, CEO of CO-OP Financial Services. “At CO-OP, we hadrecord sales and earnings, enabling us to provide our nearly 1,200member-shareholder institutions with a healthy increase inpatronage for the year.
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