COLUMBUS, Ohio — Corporate One FCU is reporting that during 2023 it returned a total of $13.6 million to member credit unions.
The credit union said the figure includes the distribution of its highest-ever special dividend to all perpetual contributed capital (PCC) owners in the fourth quarter, as well as its first fee holiday for members utilizing Corporate One’s payment and cash solutions.
Corporate One said it distributed four quarterly dividends to PCC owners, totaling more than $12 million last year, including a fourth quarter dividend set at an annualized rate of 6.2%, which was its highest ever.
In addition to the PCC dividends, Corporate One said it also waived processing fees related to its payment and cash solutions for the fourth quarter of 2023.
‘Promise to Members’
"It gives me great pleasure to provide additional benefits to the credit unions we serve through our highest-ever PCC dividend and our first-ever fee holiday,” President and CEO Melissa Ashley said. "Our promise to foster our members' financial success and growth is unwavering, and these returns underscore our commitment to delivering exceptional value as our members’ corporate partner.”
Corporate One serves more than 700 credit unions nationwide.
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