HIGH POINT, N.C. — The end of the year brought a spate of dividend payouts by North Carolina credit unions including two noteworthy givebacks from two small CUs: a 9% rebate on both loans and deposits from the $8 million North State Telco Credit Union of High Point plus a first-time 4% return by the $19 million Carolina FCU of Cherryville.
"We've never given a bonus before after struggling for many years but now we're delighted we can," declared Carolina FCU,pPresident/CEO Donna Beringer. The credit union was originally a former single sponsor serving a now-merged trucking firm.
After several years of losses and small gains, Carolina FCU is "now stable" and is looking for $170,000 in 2007 net income, its best ever, said Beringer.
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