CreditUnion 24 said it will distribute $1.1 million in patronage tomember credit unions this year.
|The distribution will take place in the third quarter of thisyear, the ATM and POS CUSO said.
|“We are pleased that the board of directors declared thispatronage dividend to further assist our shareholding creditunions' bottom line,” said JimPark, president/CEO of Credit Union 24 in Tallahassee,Fla.
|“The dividend is a reflection of the positive year that ournetwork experienced last year and illustrates our network'scommitment to maximizing return for our shareholding creditunions,” Park said.
|More than $15 million has been disbursed to shareholdingparticipants since the group was organized in 1998. CU24'swebsite said it now has more than 450 credit unions in itsnetwork.
|In addition to patronage dividends, shareholding credit unionsalso have a voice in the network's structure as well as importantEFT issues.
|“There is legislation being debated that could have a negativeimpact on credit unions,” said Park. “Credit Union 24 gives ourcredit union participants a collective voice in the EFT arena.”
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.
