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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:

  • Zero unscheduled or scheduled downtimes on Electronic Funds Transfer (EFT) switches
  • A record 2.8 billion transactions processed
  • A 8.7+ customer satisfaction rating in all of its businesses

 
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CA LEADERS MEET WITH CFPB OFFICIAL updated 10/17/14 10:31 PM
An 'Extremely Worthwhile' Discussion
Nearly 15 credit union leaders recently met at California Coast CU in San Diego with Jennifer Stockett, senior advisor for the office of financial institutions and business liaison at the Consumer Financial Protection Bureau (CFPB).

'REACH' INNOVATION GROUP LAUNCHED updated 10/17/14 09:37 AM
Leagues and Filene Research Institute
The California and Nevada Credit Union Leagues are looking for 16 credit union leaders to join the 2015 REACH Innovation Group.

CUs ACROSS THE GLOBE HONOR ICU DAY updated 10/16/14 10:26 AM
Today Marks The 67th Celebration
Credit unions around world are coming together in honor of International Credit Union Day—a celebration that started back in 1948 to reflect upon the industry’s rich history and to promote its achievements and impact. It is also a time to honor those who have dedicated themselves to movement and show appreciation to all credit union employees and members.

ECONOMY: JOBS AND HOUSING IN FOCUS updated 10/14/14 09:55 PM
Past Performance No Guarantee of Future
Jobs and housing drive many components of the credit union business. So how are we faring in California and Nevada?