RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year.
"The year 2013 was a good one for the credit union system, with membership, loans and earnings up in aggregate for the industry," Stan Hollen, CO-OP's president and CEO said in a statement. "At CO-OP, we had record sales and earnings, enabling us to provide our nearly 1,200 member-shareholder institutions with a healthy increase in patronage for the year."
Among the highlights for the CUSO last year were a record 2.8 billion transactions processed, a partnership with The Members Group, and more.
Since 1996, CO-OP has delivered nearly $285 million in patronage to its shareholders.
