Corporate One Federal Credit Union Returns $13.6 Million to Members in 2023

Melissa Ashley

​Corporate One Federal Credit Union, a trusted investment, funding, and payment solutions partner serving America’s credit unions, announced it concluded the year by returning a total of $13.6 million to members in 2023. This figure encompasses the distribution of our highest-ever special dividend to all perpetual contributed capital (PCC) owners in the fourth quarter and our first fee holiday for members utilizing Corporate One’s payment and cash solutions.
 
"It gives me great pleasure to provide additional benefits to the credit unions we serve through our highest-ever PCC dividend and our first-ever fee holiday,” President and CEO Melissa Ashley said. "Our promise to foster our members' financial success and growth is unwavering, and these returns underscore our commitment to delivering exceptional value as our members’ corporate partner.”
 
Corporate One distributed four quarterly dividends to PCC owners, totaling over $12 million last year. The fourth quarter dividend, set at an annualized rate of 6.2%, was our highest ever. In addition to the PCC dividends, Corporate One waived processing fees related to Corporate One's payment and cash solutions for the fourth quarter of 2023. The PCC dividends throughout the year and the fee holiday returned a total of approximately $13.6 million to members in 2023.

---