GRAND RAPIDS, Mich.—Xtend, Inc., a CUSO owned by 83 credit unions, announced it will pay its third stock dividend in four years as the result of a strong fiscal year, which ended Sept. 30.
The CUSO said its fiscal year included record-setting performances in total sales, year-on-year revenue growth and transactions across all of its volume-centric brands.
“Our 2014 campaign was solid by just about every measurement,” said Xtend President Scott Collins. “Our overall sales grew by nearly 29% year-on-year. We supported 24 core data processing conversions for our asterisk.com partners. We deployed more products and services than in any previous year, and hired more new staff members than ever before. All five of our business units experienced year-on-year revenue increases, with most showing double-digit growth. Issuing a return to our owners over and above the soft return on their invoices from our disruptive pricing certainly puts an exclamation point on the year, and we couldn’t be happier.”
Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes.
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