Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PSCU Financial Services issues 24.1 million in dividends
ST. PETERSBURG, Fla. (4/16/08)--PSCU Financial Services, a credit union service organization (CUSO), will issue $24.1 million in dividends to its member-owners for 2007, the company announced Monday. This is the fourth year the dividend exceeds $20 million. The dividend also includes $5.1 million in MasterCard dividends that were issued to credit unions that process MasterCard transactions through the CUSO. The dividends result from stock redemptions by MasterCard. PSCU will pay $12.05 million, or 50% of the 2007 dividend in cash. The remaining amount will be paid at a later date. The CUSO also reported 2007 revenue of $565 million--an 11% increase over 2006. The increased revenue was due to a 17% increase in transactions. More than $19.6 million in savings also were passed in 2007 to members. PSCU serves more than 1,100 credit unions.


RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
6 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
9 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
9 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
11 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
11 hours ago