DATCU Announces Bonus Dividend

DATCU Announces Bonus Dividend

DATCU Announces $1,768,059 in a Bonus Dividend to Members Distributed January 1, 2015

1/5/2015 12:00:00 AM

Denton, Texas – DATCU is proud to announce that a bonus dividend of $1,768,059 was paid to its member owners on January 1, 2015. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 16, 2014. This is the largest bonus dividend paid in DATCU history and it is the sixth consecutive year that DATCU has paid a bonus dividend to its members. In the last six years, DATCU has distributed more than $4.7 million dollars in bonus dividends.

The dividend of 0.30% was paid based upon a member’s annual average of all balances. When the credit union does well, their members share in those benefits. DATCU returns its profits to its members in the form of lower rates, higher yields, lower fees, and even free products to those actively engaged at the credit union.

“We’re very proud that it’s been another strong and steady year here at DATCU; our members are loyal and it’s truly an honor to show our appreciation by giving back to them. We’re here to help people and to support the communities that we serve and we are grateful for that opportunity” stated Dale Kimble, DATCU’s Chief Executive Officer.

DATCU, founded in 1936, is a full-service, member owned, not-for profit financial institution. With a long-standing tradition of exemplary service, they currently serve over 83,000 members; Membership is open to anyone living or working in Denton, Cooke, Wise, Montague, or Clay Counties. All are invited to take advantage of the products and services the credit union offers. These include checking, savings, credit cards, multiple loan products, investment products, and insurance. To learn more about DATCU, visit www.datcu.org or call 866-387-8585. For more information on the Best Credit Unions to Work For program, visit www.BestCreditUnionstoWorkFor.com.