Lone Star Ag Credit Hosts Appreciation Dinner in Sherman
Sherman, Texas — The Lone Star Ag Credit Sherman Credit office hosted its annual appreciation dinner for its stockholders and referral sources March 18, 2014. It was held at Austin College in Sherman. Over 120 customers attended. Mike Shelley, Sherman Branch President, thanked the group for taking time to come and shared some facts about the cooperative.
One of the highlights of the year Shelley said was the $11.95 MM cash patronage paid in May based on the results from 2013 operations. This dividend payment reduced borrowers' interest costs by an average of 1%. As part of its cooperative structure and heritage, patronage dividends set Lone Star apart from other lenders.
Everyone who attended received a gift at the conclusion of the evening. There were also door prizes given out to kids and adults. “We are thankful for the continued support of our borrowers and this dinner is one way we can show it." Shelley said.
Lone Star continues to be a sound and stable source of credit for our customers by improving the quality of its assets and growing its portfolio. It is a $1.35-billion institution and in the past decade, the co-op has distributed more than $80 million in patronage dividends to stockholders. As an excellent source for credit needs in our territory, Lone Star is equipped to provide existing and potential customers with the focus and expertise farmers, ranchers, and rural land and home owners find invaluable.
Because of our merger with Texas Land Bank, Lone Star, ACA has credit offices located in 48 counties in North and Central Texas! They are ready to serve Texans and answer any questions about loan programs offered. One of those programs includes special attention regarding Young, Beginning and Small Farmers and Ranchers. Offices are equipped to share more about it and other loan programs for existing and new rural landowners or agricultural operators.
Part of the Farm Credit System, a nationwide network of cooperative agricultural and rural land lenders, Lone Star Ag Credit has and will continue to excel in providing the financing for worthy patrons. We can deliver most any size of loan for agricultural and recreational real estate, rural homes, agribusinesses, operating lines of credit, equipment and livestock financing.
Headquartered in Fort Worth, it has credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Hillsboro, Lampasas, Mount Pleasant, New Boston, Paris, Sherman, Stephenville, Sweetwater, Temple, Waco and Weatherford. For more information, please visit www.LoneStarAgCredit.com.
Published March 18, 2014