CU24, a nationwide, credit-union owned POS and EFT network headquartered in Tallahassee, Fla., will distribute $1 million in patronage dividends to its 280 shareholding credit unions, the network announced today.

“The board of directors declared this patronage in accordance with our mission to help our credit unions compete and improve their members' lives,” Mansel Guerry, president/CEO of CU24 said. “The dividend is reflective of the company's positive financial performance and the value of participation for credit unions of all sizes.”

The network announced it has disbursed more than $17.5 million to credit union shareholders since its inception.

Guerry also emphasized this year's dividend in the context of other organizational changes the network has been making to try to help credit unions compete in a number of different areas.

“Now, more than ever, it is important for credit unions to be part of a credit union-owned organization,” said Guerry, “an organization that focuses on credit union interests as opposed to maximizing its own earnings.”

Among CU24's new offerings this year were a new training effort to help bring credit unions up to speed on compliance and a revolutionary peer-to-peer money transfer service called POCKET2POCKET.

Instant Insights /

CU24 Announces $1 Million Dividend

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