Lone Star Ag Credit Hosts Dinner for Abilene Customers
Abilene, TX – Over 150 Stockholders and special guests of Lone Star Ag Credit's Abilene branch turned out on August 12 for the office's annual customer appreciation dinner. The event was held at the Grace Museum in Abilene.
“Our borrowers are the reason we are in business, we can't say thank you enough for their loyalty and support" Credit Office President, Jason Pettit said. Lone Star Ag Credit is now a $1.35-billion rural lender that serves 48 Texas counties with 16 credit offices.
At the dinner, stockholders were reminded that because they are part of a cooperative, eligible borrowers received a patronage dividend check from Lone Star in May. The lending co-op distributed a total $11.95 million in cash patronage to stockholders, based on the cooperative's strong 2013 financial performance. The patronage dividend effectively reduced borrowers' interest rate for 2013 by approximately 1 percentage point.
The evening closed with the presentation of gifts for everyone who attended and a drawing for door prizes for adults and children who attended.
As part of the nationwide Farm Credit System, Lone Star Ag Credit has been a reliable source of financing for rural America since 1917. The lender provides financing for agricultural and recreational real estate, rural homes, agricultural equipment, livestock, ag operating expenses and agribusiness firms.
The member-owned co-op has a long tradition of community service which not only centers around agriculture but the community in general. Lone Star donates to and helps sponsor the local and county stock shows for Taylor, Nolan, Fisher, Mitchell, Scurry, Kent and Borden Counties. Lone Star is a member of the Chamber of Commerce and employees serve the community in many ways.
Published August 12, 2014