DATCU, a $566.4 million credit union headquartered in Denton, Texas, announced it paid a $363,940 bonus dividend following a successful 2011.
The credit union's board of directors determined the payout amount at their Dec. 20 meeting, and members received their bonus dividend deposits on Jan. 1. This is the third consecutive year DATCU has paid a bonus dividend, the CU said.
“We're just delighted that again this year, our annual performance enabled us to reward our membership with this bonus dividend in appreciation of them doing their business with our credit union,” said Dale Kimble, president/CEO at DATCU. “Sharing profits is a great way to show our community that we're safe, sound and secure.”
DATCU, founded in 1936, serves more than 63,000 members who live or work in Denton, Cooke, Wise, Montague and Clay counties in Texas.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
