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