WEST PALM BEACH, Fla. -A spike in deposits in 2001 has led to corporate credit unions giving back to their member credit unions.
A number of corporates, including SunCorp, Mid-States, and FirstCorp have already announced that they are returning money to their member CUs, and at press time a handful of other corporates were set to make dividend announcements.
The increase in corporate CU assets was dramatic this year. According to Callahan & Associates data, from Sept. 2000 to Sept. 2001 corporate CU assets increased from $63 billion to $92 billion. Here's a look at how some corporates have returned money to member CUs.
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