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CUAnswers returns 1.2M dividend
GRAND RAPIDS, Mich. (1/7/11)--CU*Answers, a core data processing company in Grand Rapids, Mich., has announced a $1.2 million patronage dividend returned to its credit union owners. The return is a 71% increase from last year's $700,000 patronage dividend. The 100%-credit-union-owned service organization attributed its success to dedication by its owner/clients and network partners in promoting collaboration as a means for stability. The CUSO also said the number of members being processed online through its flagship processing system, CU*BASE, has increased an average 16.8% annually since 2000. The number of credit unions investing in CU*Answers has risen to 90 owners from 49 in the past 10 years.


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