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FSCC Shared Branching has 10th dividend revamped site
ONTARIO, Calif. (2/25/10)--Financial Services Centers Cooperative Inc. (FSCC), a credit union Shared Branching Network, announced Wednesday it will return $640,000 in patronage dividends to participating credit unions for Shared Branching transactions in 2009. It is the 10th consecutive year FSCC has provided patronage dividends to its shareholders. The latest amount brings the total paid to participating credit unions in the past decade to $14.5 million in patronage dividends, rebates and return of capital. The 2009 dividends will be distributed after FSCC completes its annual audit this spring. Shareholders will receive the dividend for acquired transactions performed in their branches and shared branch kiosks owned by participating credit unions. "2009 has been a difficult year for many of our credit unions," said Steven M. Stapp, FSCC chairman and CEO of San Francisco FCU. "Because FSCC is owned directly by its credit unions, an environment that is challenging for our credit unions is also challenging for us." FSCC President/CEO Sarah Canepa Bang said, "Even with the economic climate we faced in 2009, we continued to expand the network and its capabilities. Being able to pay a dividend in one of our toughest years is an accomplishment." She noted credit unions' commitment to staying connected and providing convenient access to members contributed to FSCC's ability to provide the dividend. Earlier this week, FSCC unveiled its new brand identity and launched a more streamlined website. The identity emphasizes the company's connectivity. The new look is featured on the redesigned website at www.fscc.com.
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