Havre Daily News - News you can use

Northwest Farm Credit Services pays record patronage dividends

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

 

January 30, 2020



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...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 05/28/2020 00:48