Credit Union 24 Makes $6 MillionPayout

Register now

TALLAHASSEE, Fla. - (06/22/05) -- Credit Union 24 said it paid itsnetwork-participating credit unions almost $6 million in dividendsand rewards for 2004, based upon shareholder activity and thenetwork's financial performance. CU 24 said the more than $5.8million disbursement covers both a $2.3 million Patronage Dividendand more than $3.5 million earned by credit unions through thenetwork's Platinum POS Rewards program. Patronage Dividends arepaid to all shareholders. Platinum POS Rewards is a tiered rewardsprogram that pays credit unions cash monthly, based upon theiroverall transaction volume with the network.

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