Member/ stockholders are also owners in our association and, as such, they share in the association's profits when we have a good year. It's that easy!
Annually, our directors can choose to give eligible member/stockholders CASH BACK (we call this Patronage Cash). 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. Customers tell us they've used it to pay down their loan, purchase vehicles and equipment....even buy new furniture and take family vacations!
In February 2017, members shared $7.6 MILLION in profits earned in 2016!
More than $101 MILLION has gone back into members' pockets since 1997! That's 20 consecutive years of members sharing in association profits. It's is just one more advantage Farm Credit has over other lenders.