Columbus, OH (December 31, 2024) |
Corporate One Federal Credit Union, a trusted investment, funding, and payment solutions partner serving America’s credit unions, announced it concluded the year by returning $15.5 million to members in 2024.
This figure encompasses the distribution of Corporate One’s highest-ever PCC dividend to all perpetual contributed capital (PCC) owners and the second special fee rebate for members currently using two or more of our payment solutions.
“Returning a record $15.5 million to our members underscores Corporate One’s commitment to helping credit unions succeed financially while delivering real value to their operations,” said President and CEO Melissa Ashley. "These distributions demonstrate the strength of our partnership with our members and our shared dedication to helping credit unions thrive in a competitive landscape."
Corporate One distributed four quarterly dividends to PCC owners, totaling over $13.7 million in 2024. The fourth quarter 2024 dividend rate was 5.65%, resulting in a total annualized dividend rate of 6.05%. In addition to the PCC dividends, credit union members currently using two or more of our payment services received a special fee rebate. The PCC dividends throughout the year and special fee rebate returned approximately $15.5 million to members in 2024.