CO-OP Network Sets $10 Million MemberPayout

Register now

ONTARIO, Calif. - (05/04/05) -- The CO-OP Network announced apatronage distribution of $10.3 million for 2004, the largest everfor the credit union-owned electronic funds network. This year'spayout is 37% greater than the pervious high of $7.5 millionawarded last year and comes as Bob Rose, the CO-OP's president andCEO, is about to retire from the network he built. All credit unionmember/owners of the network will share in the payout.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER