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Lone Star Ag Credit Celebrates Centennial With Customers in Cleburne

Lone Star Ag Credit is celebrating the Farm Credit centennial with its 5,000-plus borrowers during customer appreciation dinners throughout the year.

Each branch's dinner in 2016 is a celebration of the Farm Credit System's first 100 years of service. Lone Star's Hillsboro credit office primarily serves Dallas, Hood, Johnson, Somervell and Tarrant counties. Approximately 100 borrowers and friends of the branch office recently celebrated the centennial over a steak dinner at the Cleburne Conference Center, catered by the Glen Rose High School Culinary Arts Class.

The borrower-owned lending cooperative hosted dinners for each of its 16 branches across North and Central Texas. The events are one of the ways that Lone Star shows its appreciation for its borrowers, who are also co-op members and owners.

Lone Star is one of the oldest lenders in the Farm Credit System, a nationwide network of lending cooperatives established in July 1916. The co-op has supported rural communities and agriculture with reliable credit since 1917, when a couple with a 300-acre farm in Grayson County borrowed $10,000 — the first Farm Credit loan in Texas.

"We thank our customers each year with a dinner — but this year it is extra special to be able to celebrate the Farm Credit System's 100-year history with them," said Credit Office President Milton Kasper.

Today Lone Star serves 48 Texas counties, providing financing for rural land, rural homes, agribusinesses, livestock, agricultural equipment and operating expenses. The lender also embraces the principles behind its cooperative structure, supporting education and community causes, overseeing the operation with a member-elected board, and sharing its earnings with its customers through its patronage program. This spring Lone Star distributed $12.8 million in patronage dividends to eligible borrowers.

Headquartered in Fort Worth, Lone Star Ag Credit has credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Hillsboro, Lampasas, Mount Pleasant, New Boston, Paris, Round Rock, Sherman, Stephenville, Sweetwater, Temple, Waco and Weatherford.

Craig Cheyne and customer Roy
CEO Troy Bussmeir with door prize winners
Cleburne Appreciation Meal Prepared by Glen Rose High School Culinary Class


Published November 3, 2016