Credit Union 24 returns $7.2 million to its members

Credit Union 24 returns $7.2 million to its members
Tags: Bank / Credit Union, EFT Networks, Other, Transaction Processing
April 26, 2006

TALLAHASSEE, Fla. - Credit Union 24 has paid its network-participating credit unions approximately $7.2 million in dividends and rewards for 2005, based on credit union transaction activity and the network's financial performance.

According to a news release, the $7.2 million disbursement includes a $2.5 million patronage dividend declared by Credit Union 24's board, and approximately $4.7 million earned by credit unions through the network's platinum rewards program.

The payout surpasses 2004's record-setting disbursement by nearly $1.5 million.