Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
FSCC shared-branch dividends to exceed 1.2 million
SAN DIMAS, Calif. (3/19/08)--Credit union shared-branch network Financial Service Centers Cooperative (FSCC) announced a patronage dividend of more than $1.2 million for 2007. The dividends will be disbursed to patrons following the release of FSCC’s annual audit next month. The dividends are paid to shareholders for acquired transactions performed in their branches and shared-branch credit union kiosks. The dividends were calculated based on year-end figures of more than 50 million transactions. Shareholders will receive the income generated through the transactions inside 7-Eleven stores. Since September, members made transactions at the kiosks, or Vcom units inside the stores. The company also reported that member acceptance of the Vcom units exceeded projections. The average deposit at a Vcom is $660--whereas deposits at a credit union kiosk averages $528. The average loan payment at a Vcom is $513, compared with a $352 credit union kiosk, the company said. FSCC also added more than 200 traditional shared-branch locations in 2007. FSCC provides 5,000 full-service deposit-taking locations in the U.S. and in five countries. FSCC credit unions represent $133 billion in assets.


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
13 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
14 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
16 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
17 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
17 hours ago