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Northwest Farm Credit Services pays record patronage dividends

Customer-members to receive nearly half of cooperative’s earnings in cash

 

Last updated 1/30/2020 at 10:45am



From Northwest Farm Credit Services 

SPOKANE, Wash. — The Northwest Farm Credit Services Board of Directors announced the association will pay $145 million in cash patronage dividends to customer-members throughout the Northwest, which is 1.25 percent of their eligible average daily loan balances.

Payments will start in mid-February

“We’re pleased to pay nearly half our 2019 earnings back to the customer-members who helped create the association’s success,” Northwest FCS President and CEO Phil DiPofi said. “They in turn can reinvest dollars back into their businesses, fami...



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