BIRMINGHAM, Ala. CU Service Centers said it will pay its credit union owners a patronage dividend for the third straight year, this time $250,000 split among 54 credit unions.
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The CUSC board approved a Patronage Rebate Program of 60 % of 2012 net income before taxes. This means participating credit unions will see a 20% increase in the amount of the rebate from 2012. The exact amount of the rebate will be based on the credit union’s percentage of total transactions in the past year.
CUSC of Alabama currently has 131 service centers in the state, which includes eight new shared branching locations that were opened across Alabama in 2012. CUSC said it provides its member credit unions with marketing materials.
