A positive 2014 led to a hefty patronage (shareholder dividend) for CO-OP Financial Services' 1,200 or so member institutions, the cooperative announced.
The 2014 patronage of $29.2 million brings its total shareholder patronage to $314.1 million since it became a credit union-owned cooperative in 1996, it said.
"The year 2014 was a good one both for CO-OP and the industry," CO-OP President and CEO Stan Hollen noted. "CO-OP achieved record transaction volumes in 2014, and the credit union movement topped 100 million members in the U.S."
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