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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.


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