Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Xtend wraps up big year, announces dividend
GRAND RAPIDS, Mich. (12/27/12)--Xtend Inc., a credit union service organization (CUSO) in Michigan, says it had the largest sales year in its 10-year history, with revenue for the fiscal year ending Sept. 30 totaling $1.68 million.

The Grand Rapids, Mich.-based CUSO said the figure eclipses its previous high of $1.52 million after its 2011 campaign.

Xtend President Scott Collins noted the milestone, which is a 10.2% year-on-year revenue growth. "We experienced a sales increase in every one of our business units during the year, with most reaching double-digit growth numbers," Collins said.  That and managing its expenses allowed the company to "finish the year right on budget from a net-income standpoint."

Because of the successful 2012 fiscal campaign, Xtend's Board of Directors has declared a 4% stock dividend to its owners. Collins said the dividend is the CUSO's third consecutive dividend and its largest.

Xtend, which is 100% owned by 69 credit unions, serves more than 150 credit unions. It provides managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
13 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
14 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
16 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
16 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
19 hours ago