The Rancho Cucamonga, Calif.-based CO-OP Financial Services announced a patronage, or shareholder dividend, pool of $53.3 million for 2015, which equals the highest annual dividend ever distributed by a CUSO for its owner credit unions.
The shareholder patronage for 2015 raised the total patronage amount made available by CO-OP since the CUSO became a cooperative in 1996 to $367.9 million.
The $53.3 million patronage, according to the announcement, is partially the result of the CUSO's sale during 2015 of most of its investment in Ensenta Corp. of Redwood Shores, Calif. CO-OP first invested in the provider of self-service and image solutions in 2006, and the tech firm now holds four patents for its image capture capabilities.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
