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CU System
CenCorp announces 1 million fee-waiver dividend
SOUTHFIELD, Mich. (7/2/08)--Central Corporate CU (CenCorp) announced that it will waive processing fees for members this month and in November as a patronage dividend. The fee waiver will save members about $1 million, Cencorp said in a release. The waiver intends to reward members who use the corporate’s services the most. “These patronage refunds reward members that use the fee-based services that make a positive contribution to CenCorp’s operating results,” said Bill Walby, CenCorp CEO. CenCorp is a $3.5 billion corporate credit union that provides investment, credit and correspondent services to 400 credit unions, primarily in Michigan.


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