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CU Cooperative Branching to pay 5 dividend
HARAHAN, La. (11/15/10)--CU Cooperative Branching LLC will pay a one-time cash dividend of 5% per share to investors. The dividend payout is the first made by the credit union service organization (CUSO) founded in 1992 to provide shared branching services to Louisiana credit unions. It will be payable to shareholders on Dec. 31. The payment signals that the CUSO has “matured” as it has expanded its network and increased the number of outlet locations, said Anne Cochran, president/CEO of the Louisiana Credit Union League in a CU Cooperative Branching press release. CU Cooperative Branching offers a shared branching network with 110 locations throughout Louisiana.


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