In an email communication from President Scott Collins to its eighty-three (83) owners, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has issued its third stock dividend in four years following its 2014 fiscal performance. 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 his email, Collins noted that the “Board of Directors was pleased to once again be in a position to declare a stock dividend for our owners.”

Collins continued, “Our 2014 campaign was solid by just about every measurement. Our overall sales grew by nearly 29% year-on-year, we supported 24 core data processing conversions for our cuasterisk.com partners, we deployed more products and services than in any previous year, and hired more new staff members than ever before. All five of our business units experienced year-on-year revenue increases, with most showing double-digit growth. Issuing a return to our owners over and above the soft return on their invoices from our disruptive pricing certainly puts an exclamation point on the year, and we couldn’t be happier.”