Press

CUSO Announces Dividend to Owners

Grand Rapids, Michigan – December 15th, 2012 – Earlier today, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that its Board of Directors has declared a stock dividend to owners following a successful 2012 fiscal campaign.  The dividend was the third consecutive for the 10-year-old CUSO, which wrapped up its fiscal year on September 30th.

In his announcement to stockholders, Xtend President Scott Collins noted, “This past week your CUSO celebrated our 10th anniversary, and our week-long celebration culminated with something that we are very proud of – a dividend declaration to all owners now that we have officially closed the books on our 2012 campaign.  Not only is this is our 3rd consecutive dividend check, it is also our largest ever at 4%.  I commend both the Board of Directors and my entire Xtend team on a job well done during the past year.  It was a year where we experienced a bunch of firsts as a company, and we hope that this dividend will help jump-start your holiday celebrations with your staff, family and friends.”

About Xtend (www.xtendcu.com):
Xtend, Inc. is a 100% credit union-owned CUSO formed in 2002 with headquarters in Grand Rapids, Michigan.  Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes.  In short, Xtend is an aggregation point for shared resources that allows credit unions to deliver products and services more cost-effectively.  Their strategic offerings include bookkeeping services, member contact services, back-office mortgage services, partnered liquidity opportunities, shared branching, compliance monitoring, and insurance services.  Xtend provides services for over 150 credit unions and is currently owned by 69 credit union partners.

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