Denton, Texas – DATCU Credit Union is proud to announce that a bonus dividend of $1,090,000 was paid to its member owners on January 1, 2014. The Board of Directors approved the one-time bonus dividend payout at the board meeting held on December 17, 2013. This is the largest bonus dividend paid in DATCU history and it is is the fifth consecutive year that DATCU has paid a bonus dividend to its members. In the last five years alone, DATCU has distributed more than $3,020,000 in bonus dividends.
The dividend of 0.20% was paid based upon a member\’s annual average of all balances. When business is good, 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.
…œIt\’s truly an honor to again this year reward our membership with a bonus dividend. It\’s our way to thank our members and show our appreciation for their loyalty to the credit union. This extra return, above our already competitive rates, clearly demonstrates that active membership at DATCU is a smart decision. Credit unions exist to provide value. Banks give back to shareholders and we give back to our members. …, stated Dale Kimble, DATCU\’s Chief Executive Officer.
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 74,000 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 Credit Union, visit www.datcu.org or call 866-387-8585.