LIBERTY LAKE, Wash. (7/10/12)--The board of directors of CU*NorthWest, a Liberty Lake, Wash.-based credit union service organization (CUSO), has approved and distributed its first dividend since it launched operations in 2005.
Owners received their dividend checks at CU*Northwest's annual meeting, held in conjunction with its Leadership Conference, June 28.
"This dividend marks a real turning point for CU*NorthWest," said Debie Keessee, secretary/treasury of the CU*Northwest board. "We are no longer a start-up company. Our first dividend check is a milestone to celebrate."
CU*NorthWest was started on a $50,000 investment in 2005 as a financial services data processor and today has clients in four western states.