FOR IMMEDIATE RELEASE
CONTACT: Adam Ulbricht
Willmar, Minn. – United FCS member-owners will soon receive patronage checks, as the Association announces a return of $6 million. The payout follows another strong year, despite challenging market conditions.
“The ag economy is not where a lot of farmers would like it to be right now,” said Bradley Sunderland, chairperson of the Board of Directors. “However, agriculture is a resilient industry, and I believe our patronage payout serves as a positive for our members.”
The Cooperative has now returned over $84 million to members since 2002. This is the fourth consecutive year $6 million has been paid out in cash patronage.
“Our steady approach to serving farmers and rural communities continues to provide great value to our member-owners,” said United FCS CEO Marc Knisely. “We are pleased to share our success with those that help make it possible.”
Members will be able to pick up their checks during the Association’s patronage open house event on Thursday, February 23. Remaining checks will be mailed out.
United FCS is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation’s rural economy. Serving over 6,000 member-owners and with over $1.7 billion of assets, United FCS has a primary focus in a 22-county service area in West Central Minnesota and North Central Wisconsin providing loans, leases and a wide array of financial services through 12 branch office locations and 190 locally-based employees.