CU*NorthWest, a 100% credit union-owned CUSO located in Liberty Lake, WA and its board of directors approved and distributed to its shareholders their first dividend since operations began in 2005.
The owners received their dividend checks at CU*Northwest’s Annual meeting held in conjunction with their Leadership Conference at the Coeur d’Alene Resort in Northern Idaho on June 28th.
The dividend was announced by Secretary/Treasurer Debie Keessee. “This dividend marks a real turning point for CU*NorthWest,” she told the stockholders. “We are no longer a start-up company. Our first dividend check is a milestone to celebrate.”
CU *NorthWest was started on a $50,000 investment in 2005 as a financial services data processor and today boasts clients in four western states.