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Lone Star Ag Credit Thanks Temple Branch Customers

Temple, TX – Over 130 Stockholders and special guests of Lone Star Ag Credit's Temple branch turned out on July 8 for the office's first customer appreciation dinner since the lending cooperative merged with Texas Land Bank earlier this year.

“We sincerely enjoy our customer appreciation dinners. It is good to see our stockholders face to face and thank them for their business," Credit Office President, Nathan VanNoord 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.

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 and the Temple office sponsors many events and organizations including the Falls County Crop Tour, the Blooming Temple Festival, and the Agribility Conference in Bell County, which promotes new farming operations for returning veterans.

Published July 9, 2014