COLUMBUS, Ohio (1/16/15)--The Ohio Credit Union League (OCUL) is benefiting from the strong 2014 performance of OCUL Services Corp. (OSC), its for-profit business subsidiary.
A year-end dividend of $50,000 is expected to be distributed to the league. The dividend helps keep credit unions' membership investment as minimal as possible, according to the league.
"The financial strength of OSC is a huge benefit to the league and its related organizations, and has resulted in significant and direct financial contributions for the past seven years," said OCUL President/CEO Paul Mercer (eLumination Jan. 15).
Also, OSC is contributing $100,000 to the Ohio Credit Union Foundation to strengthen its endowment fund.