GEISMAR, La.–Wymar FCU has announced a special patronage dividend to members.
The $132.4-million Wymar FCU returned $300,000 to members in the form of the special patronage, $100,000 more than it returned one year earlier. Over the last four years it has returned $840,000 to members as special patronage dividends.
The credit union, which serves BASF Geismar employees and their immediate families, said in announcing the payout, “While our entire nation was dealt a difficult card in 2020, the members of Wymar Federal Credit Union showed a tremendous contribution and CEO Ronnie Stephens, and the board of directors couldn’t imagine a better way to show their token of appreciation.”
The credit union said dividend amounts were calculated based on a combination of interest earned on deposit accounts and interest paid on loans.
“It is because of Wymar’s loyal members, supportive board of directors and committee members and an amazing staff that this was possible in such a challenging year,” said Stephens.
The credit union has approximately 4,700 members.