CO-OP ANNOUNCES SHAREHOLDER DIVIDEND
updated 04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.
“The year 2013 was a good one for the credit union system, with membership, loans and earnings up in aggregate for the industry,” said Stan Hollen, President/CEO, CO-OP. “At CO-OP, we had record sales and earnings, enabling us to provide our nearly 1,200 member-shareholder institutions with a healthy increase in patronage for the year.”
Other 2013 CO-OP highlights:
GAIN EXPERIENCE ON LEAGUE COMMITTEE updated
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LEAGUE ADVOCACY BLOG GAINS TRACTION updated
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The new Advocacy Blog launched by the California and Nevada Credit Union Leagues in August is gaining steam as more credit union advocacy professionals and others in the industry continue signing up to receive e-mail alerts on important state and federal updates.
FOCUSED ON 'ONE TO ONE' RELATIONSHIP updated
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Printing Industries CU
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PENALTY POLICY: SMALL VS LARGE CUs updated
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