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CO-OP Financials patronage dividend totals 24.5 million
RANCHO CUCAMONGA, Calif. (4/23/08)--CO-OP Financial Services announced a patronage pool of $24.5 million for 2007, with a record cash disbursement of $13.3 million. “Many factors contributed to the 10% increase in cash distribution to our shareholders,” said Stan Hollen, CO-OP Financial Services president/CEO. “In 2007, we brought our members cost-savings with our 10th price reduction in 10 years. We also set another annual transactions record of 1.6 billion, thanks to partnering with Credit Union Service Corporation to operated CO-OP Shared Branching,” he said. The disbursement represents one cent per ATM and point-of-sale transaction. CO-OP, headquartered in Rancho Cucamonga, Calif., is a credit union service organization that operates CO-OP Network.


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