Financial Service Centers Pays Year-EndDividend
SAN DIMAS, Calif. - (02/07/06) -- Shared branching network FinancialService Centers Cooperative, Inc. said it will return its largestpatronage dividend ever to shareholdersÈÎnearly $1.8million. The funds will be distributed in cash to shareholdercredit unions following completion of an April audit. FSCC saidthat a number of credit unions will be receiving substantialdividends, with several estimated to be in excess of $200,000. TheFSCC network processed 40 million transactions in 2005 withdeposits totaling nearly $5 billion; withdrawals, including linesof credit, totaling $1.8 billion, and payments of $200 million.Consistent with the previous five years, FSCC said that the 2005transaction mix was 67% deposits and 25% in withdrawals, with theremainder other activities.