CLEARWATER, Fla. - Card Services for Credit Unions (CSCU) said it will return a cash patronage dividend to member credit unions equal to 100% of its membership fees from 2006. Credit union-owned CSCU has 3,200 member credit unions representing more than 12.5 million accounts. President Bob Hackeny said the patronage dividend payment means CSCU is "essentially making membership free for the year."
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Separately, CSCU's Virtual Card Consultant has undergone a complete renovation adding new functionality and reporting. The solution "has the ability to identify and prioritize the specific revenue growth opportunities within each member credit unions' portfolio and how much revenue growth can be expected if they improve certain metrics." (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com