OVERLAND PARK, Kan. – At a time when non-interest income is so desirable due to still sluggish lending, owners of CNBS are getting a boost. The broker dealer has declared a $10 per share dividend for its 13 owners. Its owners include five natural person credit unions and eight corporates. Last year CNBS allowed its 18 corporate owners to tender their ownership position due to conflicting lines of business. Ten of its corporate owners did tender their shares while eight remained owners. Of those eight, four increased their ownership. CNBS also opened up ownership to natural person CUs for the first time in its history and saw five CUs take an ownership interest. CNBS cited record transaction revenue (31% over the prior record) an increase in fee income, and a 24% increase in dollars under management as reasons for awarding the dividend. CNBS for the first time last year started to market to banks, a factor that is already contributing to its financial success said CNBS President/CEO Brian Hague.
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