PSCU Financial Makes RecordPayout

ST. PETERSBURG, Fla. - (03/28/06) – PSCU Financial Services said itwill pay a $23 million patronage dividend to its member creditunions, the largest dividend ever paid by a credit unionorganization. Last year’s payout was $21.5 million. Thepayout will be comprised of a $15.3 million regular dividend and a$7.6 million bonus. PSCU Financial Services has paid out more than$130 million in patronage dividends since it became a cooperativein 1994. About 600 credit unions will share in thepayout.

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