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PSCU Issues $29.6 Million Dividend for 2016

PSCU announces a $29 million dividend for its owner credit unions.

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PSCU, a St. Petersburg, Fla.-based payments CUSO, announced this month that it will issue an annual tax-free patronage dividend of $29.6 million to its more than 850 owner credit unions for the fiscal year that ended Sept. 30.

The cooperative’s revenue grew 5.5% for the fiscal year, as it experienced strong performance from its payment processing and card program marketing services.

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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