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 2018, our 5,800 members shared $8.8 MILLION in profits earned in 2017! This year's patronage sets a record for our Association and puts the total that's gone back into members' pockets at more that $110 MILLION since 1997. Sharing Association profits with members when we have a good year sets Farm Credit apart from other lenders.