In a letter sent to Xtend stockholders, Liz Winninger, Xtend’s CEO, announced that it has issued its fourth stock dividend in four years. The CUSO’s fiscal year, which ended on September 30, included record-setting performances in total sales, year-on-year revenue growth and transactions across all of its volume-centric brands. In the letter to owners, Winninger states: “Our focus for 2018 remains on creating relevancy for our client owners. 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 of directors 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.”