Capital Farm Credit returning $20.8 million allocated equity to its members

COLLEGE STATION, Texas – Capital Farm Credit’s Board of Directors recently approved a $20.8 million cash retirement of the allocated equities issued in 2015. Checks are being mailed to cooperative members today, just in time for the holidays.

Combined with the $111.5 million cash patronage checks paid to members in March, Capital Farm Credit will return $132.3 million in total distributions to its member borrowers this year.

“What makes Capital Farm Credit’s cooperative returns program stand out is that we share earnings with our members twice a year – cash patronage in the spring and retiring allocated equities in the fall,” said Jeff Norte, president and chief executive officer. “This program is a cornerstone of who we are and remains a top priority for our board of directors.”

Allocating and retiring equities ensures members of the cooperative retain ownership and fully benefit from the association’s earnings.

“Through our cooperative returns program, we’re able to give back directly to our members. This helps lower their cost of doing business and strengthens their operations,” said Sally Lawson, chief financial officer. “Our commitment to returning earnings remains steadfast, and this priority has never wavered.”

With more than a century of expertise serving agriculture producers and rural property owners, Capital Farm Credit upholds its same mission to provide reliable credit and financial services for the future of agriculture and rural communities.

When members invest in Capital Farm Credit, the agricultural economy of Texas is strengthened.

“When our members borrow from Capital Farm Credit, they become part of something bigger – they become owners,” Norte said. “Every milestone we reach is because of them, and every success is shared with them. We’re honored to return the investment our members have placed in us.”

About Capital Farm Credit

For more than 100 years, Capital Farm Credit has supported rural communities and agriculture with reliable, consistent credit and financial services that include home, land and agribusiness lending; equipment and facilities leasing, and insurance for crops and livestock. Capital Farm Credit is a proud member of the Farm Credit System with more than 600 employees, serving over 24,500 members and more than $13 billion in loan volume.

Since 2006, CFC has returned $2.9 billion in combined cash and allocated equities to its members. Headquartered in College Station, Texas, Capital Farm Credit has offices serving 192 of Texas’ 254 counties. For more information about financial services or our cooperative returns program, visit CapitalFarmCredit.com.

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