Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
FSCC pays 1M in patronage dividends
ONTARIO, Calif. (6/13/11)--Credit union shared-branching network Financial Service Centers Cooperative Inc. (FSCC) announced the return of more than $1 million in patronage dividends to participating credit unions for shared branching transactions performed in 2010. Roughly $200,750 or 20% of the total dividend was paid out in cash on June 8 to shareholders for acquired transactions performed in their branches and shared-branching kiosks owned by participating credit unions. The remaining 80% is distributed in a written notice of allocation. During the past decade, FSCC has returned more than $14.5 million in patronage dividends, rebates, and return of capital to its participating credit unions. The 2010 dividend brings that total to more than $15.5 million. This marks the 11th consecutive year that FSCC has paid dividends to its shareholders, averaging more than $1 million each year for more than a decade.


RSS print
News Now LiveWire
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
59 minutes ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
2 hours ago
Data breach at Home Depot in Sept. cost CUs nearly $60M 2 reissue cards, deal w/fraud & other costs: new @CUNA survey http://t.co/kzHSX3rAzA
2 hours ago
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
2 hours ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
3 hours ago