CO-OP Financial Pays Out $20.2 Million Dividend
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced this morning it is paying its 1,200 credit union owners an annual patronage dividend of $20.2 million.
The payout is down some from last year’s dividend of $22.2 million. CO-OP has paid its credit union owners dividends totaling $212.1 million since becoming a cooperative in 1996.
Among other 2010 milestones, CO-OP Financial Services processed more than two billion payment transactions via CO-OP Network, third-party ATM, PIN/Signature debit and credit card for its 3,000 credit union customers.