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Lone Star Ag Credit Celebrates with Stockholders in Temple

Lone Star Ag Credit is celebrating the Farm Credit centennial with its 5,000-plus borrowers during customer appreciation dinners throughout the year. The Temple credit office was the latest to treat customers to a steak dinner in honor of the 100-year milestone. It was held Thursday, July 14, at Cathedral Oaks in Belton.

The borrower-owned lending cooperative is hosting these dinners for each of its 16 branches across North and Central Texas. The events are one of the ways that Lone Star thanks its member-owners. The Temple office services Bell, Falls, Milam and Williamson counties.

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 at Lone Star are proud to be a part of the Farm Credit System," said Jason Collier, Temple credit office president. "This is a chance to celebrate our customers and our history."

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.


Published August 3, 2016