DATCU Credit Union Announces Bonus Dividend to Members Over $974,000 in dividends distributed January 1, 2013.
Denton, Texas - DATCU Credit Union is proud to announce that a bonus dividend of $974,762.78 was paid to its member owners on January 1, 2013. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 18, 2012. This is the fourth consecutive year that DATCU has paid a bonus dividend to its members.
The dividend of 0.20% was paid based upon a member’s annual average of all balances. The activity and participation of the credit union members contributed to another successful year. DATCU returns its profits to its members in the form of lower rates, higher yields, free checking, and free products for those with deeper relationships at the credit union.
“We’re very proud that again this year our performance enabled us to reward our membership with a bonus dividend; it’s another way to show our members appreciation for doing their business with the credit union. Times are still challenging for many and it’s a remarkable feeling to be in the financial position to give more back” stated Dale Kimble, DATCU President and CEO.
DATCU Credit Union, 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 69,000 members; Membership is open to anyone living, working, or worshiping 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 Credit Union, visit www.datcu.org or call 866-387-8585.