Member/ stockholders are also owners in our association and, as such, they share in the association's profits. It's that easy!
Each time we have a profitable year, our Directors can choose to give eligible member/stockholders CASH BACK (we call this Patronage). The amount members receive is based on the total interest they paid on their loan(s) the previous fiscal year.
Distributed by check (normally in mid-February)....our members tell us they LOVE their Patronage cash back. Customers tell us they've used it to pay down their loan, put it in Funds Held, purchased vehicles and equipment....even bought new furniture and taken family vacations!
In February 2012, members shared $5.8 MILLION in profits earned in 2011! We've returned more than $63 MILLION in profits to our members/ stockholders since 1997! That's 15 straight years of members sharing in the associations' profits. It's is just one more way Farm Credit offers advantages over other lenders. If you're not getting cash back from your lender - it's time to talk to us!
Patronage $ amounts for website posted FEB 2012.jpg