PSCU Financial Boosts Payout To $21 Million

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ST. PETERSBURG, Fla. – PSCU Financial Services announced this morning it raised its dividend 18% this year and paid its 650 credit union members $21.3 million.
In addition to the dividend, financial savings of $6.5 million were passed along to member-owners during last year in the form of price reductions and rebates, said the CUSO, which provides electronic payment and call center services to more than 1,500 credit unions.
“This $21.3 million dividend payout augments net income for our member-owners and also equips them to fund activities to gain members and market share in the coming year,” said Craig Esrael, president of First South Financial and chairman of the PSCU board.

PSCU Financial Services delivered solid growth for its entire portfolio of products and services including: 6% growth in debit/credit/prepaid and online bill payment transactions; 4.9% expansion in Contact Center volumes and 1.3 billion transactions processed, a new milestone for the company. 

ST. PETERSBURG, Fla. – PSCU Financial Services announced this morning it raised its dividend 18% this year and paid its 650 credit union member/owners $21.3 million.

In addition to the dividend, financial savings of $6.5 million were passed along to member-owners during last year in the form of price reductions and rebates, said the CUSO, which provides electronic payment and call center services to more than 1,500 credit unions.

“This $21.3 million dividend payout augments net income for our member-owners and also equips them to fund activities to gain members and market share in the coming year,” said Craig Esrael, president of First South Financial and chairman of the PSCU board.

PSCU Financial Services delivered solid growth for its entire portfolio of products and services including: 6% growth in debit/credit/prepaid and online bill payment transactions; 4.9% expansion in Contact Center volumes and 1.3 billion transactions processed, a new milestone for the company.

 

 

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