Patronage

Putting Profits In Your Pockets

As a cooperative, we can return the profits of our successful operations to our members—the owners—in the form of a patronage refund.

These dividends are based on the amount of business that you do with the cooperative and can significantly reduce your cost of borrowing money. At the end of each fiscal year, Farm Credit determines its income and expenses. Income remaining after all expenses are deducted (net income) can then be distributed to members in accordance with the bylaws of the company. Your board can elect to; retain all of the net income to strengthen our capital position, or distribute some or all of our net income by declaring a patronage refund.

If you still have questions, contact us and talk to a loan officer. They can give you all of the details and give you a comparison of the rate you are paying now versus the rate after deducting the patronage refund.

Patronage Direct Deposit

You can now sign up to have your patronage distribution deposited directly into your bank account! Contact or stop by your local branch for assistance with getting set up. Here are some helpful tips when filling out the form:

• Your account number is required – if you are unable to locate this number, someone at your local office can assist you
• If you have multiple accounts, you will need to fill out a form for each account
• If you have multiple people on your account, each person will be required to sign the form
• A voided check, copy of savings deposit slip, or print out from your commercial bank verifying the bank account information must be included with your completed form

Want to sign up for Digital Banking? Watch this short video on how to get started!