LOANS BANKING LEARN ABOUT CUSTOMERS Toggle Site Search TOGGLE ABOL LOGIN CONTACT LOCATIONS APPLY PATRONAGE DIVIDENDS APPLY FOR A LOAN LOCATIONS PATRONAGE: SHARING OUR EARNINGS WITH OUR CUSTOMER-OWNERS Lone Star Ag Credit is a customer-owned lending cooperative. That means our borrowers are also owners who have the opportunity to share in our earnings through an all cash patronage dividend. We believe in giving back to the valued customer-owners who make our success possible. PATRONAGE DIVIDENDS WE’RE PLEASED TO ANNOUNCE OUR 2020 PATRONAGE DISTRIBUTION TO ELIGIBLE CUSTOMER-OWNERS THIS SPRING. $22 Million in patronage distributions on 2020 earnings, one of the largest distributions in Lone Star’s history $163.5 Million total distribution returned to borrowers since 2000 1.5% reduction of the effective interest rate paid by borrowers in 2020 16 offices covering 48 counties throughout north and central Texas This year’s robust patronage dividend distribution We are extremely pleased that Lone Star Ag Credit was able to distribute $22 million in patronage dividends on 2020 earnings, equivalent to 150 basis points on average. The all-cash distribution effectively reduces the interest rate paid by each eligible customer-owner in 2020 by an average of 1.5 percentage points. This record patronage is a great indication of Lone Star’s continued financial health and commitment to our stockholders and was paid out in two distributions. In October 2020, we advanced a portion of our expected 2020 patronage distribution to support our owners during the difficult COVID-19 times. A second patronage payment on 2020 net income was approved for distribution in March 2021. With this $22 million distribution, Lone Star Ag Credit will have returned $163.5 million to our customer-owners since 2000! How Does Patronage Work? Part of our mission and tradition is the paying of a patronage dividend. Every year, Lone Star Ag Credit’s board of directors reviews the Association’s financial health and determines our ability to pay a cash dividend to eligible customer-owners through our patronage program – typically in the spring. Other remaining earnings are retained as capital to keep our Association strong for the future. PEOPLE, PRODUCTS AND PATRONAGE Hear Senior Regional President Justin Wiethorn discuss these three keys to Lone Star’s business WHAT IS A PATRONAGE DIVIDEND? Financing rural land with Lone Star Ag Credit has great benefits. Previous Slide 1/2 Next Slide PATRONAGE FAQS What does it mean that Lone Star Ag Credit is cooperatively owned? What is a patronage refund? Does voting stock earn dividends or patronage refund? LEARN MORE LEARN MORE ABOUT LONE STAR AG CREDIT LOAN CALCULATOR CLICK HERE LOANS READ ABOUT OUR FINANCIAL SOLUTIONS APPLY TODAY BEGIN YOUR LOAN APPLICATIONS PROCESS WITH JUST A FEW, SIMPLE STEPS. START NOW FIND AN EXPERT IT’S THE PEOPLE THAT MAKE LONE STAR SPECIAL. LET OUR EXPERTS GUIDE YOU IN YOUR JOURNEY. VIEW LOCATIONS facebook twitter linkedin youtube instagram CONTACT LOAN CALCULATOR LOCATIONS CAREERS GOVERNANCE FEEDBACK © 2021 Lone Star Ag Credit Privacy Equal Credit Opportunity Lender Equal Housing Lender Terms & Conditions 800-530-1252