In a letter to stockholders and on behalf of the Xtend Board of Directors, CEO Liz Winninger announced the fifth straight record setting dividend for the West Michigan CUSO. Xtend provides shared resources in bookkeeping, communications, lead generation, marketing analytics and contact center services. The CUSO, established in 2002, increased annual dividends to owners, growing equity and share value for its 81 stockholders.
“The board of directors set a goal in 2018 for our owners,” said Winninger, “give back to the owners who have continued to help us grow and increase our value to clients year over year.”
Winninger added that the CUSO also recently added its 82nd owner, Lenco Credit Union (Adrian, MI). “Lenco has been a client for some time and we are very happy to now call them an owner too.”