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Happy Returns for FCUSS Shareholders, Credit Unions

TALLAHASSEE, Fla. - The board of Florida Credit Union Shared Services, Inc., a credit union shared branching company, has approved a plan to return a portion of invested capital to its shareholders including a capital return of $1,018,513, and dividends totaling $365,237. In addition, FCUSS paid $277,468 in patronage rebates...

By Staff Writer | Updated on April 08, 2003

TALLAHASSEE, Fla. – The board of Florida Credit Union Shared Services, Inc., a credit union shared branching company, has approved a plan to return a portion of invested capital to its shareholders including a capital return of $1,018,513, and dividends totaling $365,237. In addition, FCUSS paid $277,468 in patronage rebates to participating credit union issuers and acquirers based on transaction volumes. “This is the fourth year Florida Credit Union Shared Services has paid a dividend to our shareholders and the third year we have paid rebates to our Florida participating credit unions,” said FCUSS Chairman Mark LeCain. Florida participants completed more than five million member transactions at 89 outlets during 2002, representing an overall 10% increase in transactions conducted at Florida service centers and an increase of 17% in transactions processed for members at shared service facilities across the country.

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