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Credit Union 24 Announces Cash for Certificate Swap

TALLAHASEE, Fla. -- Credit Union 24 has announced that it would pay cash for patronage certificates issued to participating credit unions for transactions in 1998 and 1999.

By David Morrison | Updated on November 24, 2008

TALLAHASEE, Fla. — Credit Union 24, the nationwide credit union owned ATM and EFT network headquartered on the East Coast, has announced that it would pay cash for patronage certificates issued to participating credit unions for transactions in 1998 and 1999.

The cash will go to roughly 200 of the network’s roughly 500 participating credit unions, the network announced, adding that it decided to make redeem the certificates now in part because the network is performing strongly and in part because the current economic conditions have made the cash particularly useful.

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