GRAND RAPIDS, Mich.–Xtend announced it has issued its fourth stock dividend in four years. The CUSO said its fiscal year, which ended on Sept. 30, included record-setting performances in total sales, year-on-year revenue growth and transactions across all of its volume-centric brands.
“Our focus for 2018 remains on creating relevancy for our client owners,” said CEO Liz Winninger. “Exploit the tools that we own as a collaborative network, utilize our capacity to execute on behalf of our credit unions, and stress the system to the point where technical and process improvements are made to benefit everyone, while creating disruptive price points.”
The Xtend board approved a 5% stock dividend to the owners as of the closing of the 2017 business year.
“The board of directors and the Xtend management staff are committed to creating a return for our client owners,” Winninger added. “We would like to thank our owners for their support, commitment and patronage in 2017.”
Separately, Xtend announced it would also be rolling out a new contest software to help credit unions drive leads and connect with members on social media. The software is called OLLE, On-Line Lead Engine. Xtend said it has inked its first contracts with two Michigan based credit unions: Alpena Alcona Area Credit Union and Preferred Credit Union.
“These credit unions have seen the impact OLLE can have on their lead generation efforts,” Winninger said. “We did not anticipate signed agreements so quickly. The fact that we have shown that credit unions are active in the lead business and we plan to keep that momentum going over the coming years.”