Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Bar chart showing a recession in the shadow of the coronavirus Source: Shutterstock.

PSCU said costs related to the COVID-19 pandemic led it to pay a smaller dividend for 2021, but the St. Petersburg, Fla., payments CUSO shared a larger portion in cash to its member credit unions.

The total annual dividend for the 12 months ending Sept. 30, 2021, was $17.8 million, or 1.7% of its average assets of $1.08 billion. For fiscal year 2020, which included the first six months of the pandemic, it paid $37.4 million, or 4.5% of average assets, which was the highest since it paid $38.9 million in fiscal year 2013.

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?

Jim DuPlessis

A journalist for decades.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.