DATCU Announces Bonus Dividend to Members
$1,875,000 in dividends distributed January 1, 2018
6/7/2018 12:00:00 AM
– DATCU is proud to announce that a bonus dividend of $1,875,000 was paid to its member owners on January 1, 2018. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 19, 2017. This is the ninth consecutive year that DATCU has paid a bonus dividend to its members. In the last nine years, DATCU has distributed more than $11,300,000 in bonus dividends.
The credit union distributed the dividend of 0.25% to qualified members based upon a member’s annual average deposit balance. When the credit union is doing well, members share in those benefits. DATCU returns its profits to its members in the form of lower rates, higher yields, free checking, and free products for those with an active relationship at the credit union.
“We’re so pleased that it was another successful year at DATCU and that we were able to reward our members. Giving back a bonus dividend is just one of the many ways that we demonstrate our appreciation for our members, stated Glen McKenzie, DATCU’s President/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