The prime rib dinner celebrated a $7,000,000 cash patronage that was paid out to stockholders in the first quarter of 2007. The Association’s credit quality, earnings and growth were excellent in 2006.
“Lone Star Ag Credit had a very successful year in 2006 and in 2007 we are sharing our successes with our borrowers through a strong patronage payment and a time of fellowship. That is the beautiful thing about a cooperative association – everyone benefits,” said James Welch, Lone Star Ag Credit Regional President.