DATCU Announces Largest Bonus Dividend To Members in Its History
12/29/2016 12:00:00 AM
– DATCU is proud to announce that the largest year-end bonus dividend in its history, in the amount of $3,463,865, will be paid to member owners as of January 1, 2017. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 20, 2016. This is the eighth consecutive year that the DATCU Board has made the decision to pay a bonus dividend. In the last eight years, DATCU has distributed over $9.5 million dollars back to its member owners.
Qualified members will receive a one-half percent (0.50%) dividend based upon a member’s average daily balance during 2016, all balances combined, for the entire year. Members share in benefits when the credit union does well.
“Our members are the key to our success. DATCU had another great year and it’s just another way to reward our members for doing business with us”, stated Glen McKenzie, DATCU’s President/CEO.
DATCU, founded over eighty years ago, is a full-service, member owned, not-for profit financial institution. With a long-standing tradition of exemplary service, we currently serve almost 89,000 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.