Many businesses distribute annual dividends to investor-owners based on their stock ownership. But as a cooperative, Farm Credit Illinois returns cash patronage to borrower-owners proportionally based on their annual business contributions.
In 2022, FCI will distribute $40 million of cash patronage the week of June 20.
The Board's decision to return 45.7% of the Association's 2021 net earnings to borrower-members follows a year of strong portfolio growth and steady earnings. This represents the fourth consecutive year of cash patronage distributions.
In true cooperative spirit and demonstrating Member Economic Participation -- a guiding principle of all cooperative businesses -- patronage will be distributed equitably based on the business value each member contributes to the cooperative.
Patronage is another way FCI delivers cooperative value to members and the marketplace, while remaining committed to providing low upfront interest rate pricing, a strong capital position for the future, and initiatives supporting members and their local communities.
For more information on cash patronage, contact your local office or email ask@farmcreditIL.com.
Categories: Illinois, Business