DATCU Announces $1,284,378 Bonus Dividend Distribution to Members
1/10/2016 12:00:00 AM
– DATCU is proud to announce that a bonus dividend of $1,284,378 was paid to its member owners on January 1, 2016. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 15, 2015. This is the seventh consecutive year that DATCU has paid a bonus dividend. In the last seven years, DATCU has distributed almost $6.1 million dollars back to member owners through bonus dividends.
The dividend was paid based upon a member’s average daily balance, all balances combined, for the entire year. Members share in benefits when the credit union does well. DATCU returns its profits to its members in the form of lower rates, higher yields, lower fees, and free products to those with an active relationship at the credit union.
“It continues to be a very exciting time here at DATCU. It was another strong year and we are delighted to again give a bonus dividend to our member owners. It is such an honor to be a part of the North Texas community and it is a wonderful feeling to give back and say “thank you”
to our members for their loyalty”, stated Dale E. Kimble-DATCU’s CEO.
DATCU, founded in 1936, is a full-service, member owned, not-for profit financial institution. With a long-standing tradition of exemplary service, we currently serve almost 85,000 members; Membership is open to anyone living or working in Denton, Cooke, Wise, Montague, or Clay Counties. We invite all 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.