Press

Wymar FCU – $300,000 patronage dividends

GEISMAR, LA (March 1, 2021) —

Wymar Federal Credit Union, credit union in Geismar, LA serving BASF Geismar employees and their immediate families since 1962, is proud to announce that a Patronage Dividend of $300,000 was paid to its members on March 1, 2021. This is $100,000 more than last year which makes a total of $840,000 in Patronage Dividends Wymar FCU paid out to their members over the past four years. 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 their Board of Directors couldn’t imagine a better way to show their token of appreciation.

Dividend amounts are calculated based on a combination of interest earned on deposit accounts and interest paid on loans.

These Patronage Dividends are one of the many ways the members of Wymar FCU receive value from the success of their credit union. Wymar FCU also returns its profits to its members in the form of lower fees, better rates, and many other competitive products and services.

“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.”-Wymar Federal Credit Union CEO, Ronnie Stephens

About Wymar Federal Credit Union

In 1958, a small group of Wyandotte Chemical employees got together because they thought there had to be a better alternative to banking. Were they ever right! They decided to form a credit union because credit unions are owned by its members and not by shareholders. They decided to name it Wymar from a combination of Wyandotte Chemical and Geismar, Louisiana. From those humble beginnings when the credit union was operated out of a small office during lunch hour, to where we are today, we’ve grown in ways we couldn’t have imagined. Our founders would be proud to see that Wymar Federal Credit Union still serves only BASF Geismar employees and their immediate family members. This is rare in today’s credit union world where many credit unions have expanded their fields of membership to serve just about anybody. Wymar continues to focus all of its efforts on the financial enrichment of its members rather than just trying to grow for growth’s sake. This is a testament to the close bond between the Geismar BASF site and its credit union. The support from BASF allows us to do so much more for our members than we could otherwise. While we couldn’t be what we are today without our members, we also couldn’t do it without our Board of Directors and Supervisory Committee which are made up of volunteers that are either current BASF employees or former BASF employees. We continually strive to add the latest products and services so that our members don’t need to bank anywhere else. We aim to be as fee adverse as possible, keep up with offering competitive rates, have an exceptional and knowledgeable staff, and always take the time to genuinely know and help our members. If you are already a member, we thank you for your loyalty and ask you to please tell your family members to join. If you are not yet a member, then Why not Wymar?