ST. PETERSBURG, Fla. – PSCU Financial Services, the credit union-owned provider of payments processing, announced a $25.8 million payout to its member credit unions yesterday, the largest dividend payment in credit union history. This year’s payout s 13% more than last year’s $22.9 million, the previous record. The CUSO said $9.8 million of this year’s dividend will be paid immediately in cash, and the rest at a later date. PSCU, which was founded in 1976, added 900,000 new accounts last year and increased revenues by 8%.
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