Shared Services for Credit Unions announces rebate

Florida Credit Unions Shared Services, Inc. dba Shared Services for Credit Unions (SS4CU), a credit union owned CUSO providing the state of Florida with shared branching network services announced a $736,406 Patronage Rebate and Dividend to its participating Credit Unions and Stockholders. “Our cooperative nature and our member’s best interest in providing accessibility and convenience, […]

Florida Credit Unions Shared Services, Inc. dba Shared Services for Credit Unions (SS4CU), a credit union owned CUSO providing the state of Florida with shared branching network services announced a $736,406 Patronage Rebate and Dividend to its participating Credit Unions and Stockholders.

“Our cooperative nature and our member’s best interest in providing accessibility and convenience, is what has made shared branching so successful.” said Allan Prindle, chairman of the board.

The 2017 rebate was an increase of nearly 20 percent from the previous year providing a total of $9.6 million dollars in aggregate back to its participants and shareholders.

Currently the Florida Network has 333 shared service facilities connected to its Gateway, giving members access to more than 5,500 shared branch locations nationally represented by more than 1,800 credit unions that participate in shared services.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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