Story Submitted
Farm Credit of Northwest Florida’s Board of Directors is proud to announce the return of $3 million to its 981 member-owners. The refund represents approximately 21.22 percent of the interest borrowers paid on their loans last year.
Chairman of the Board-Richard Terry (right) and Douglas Walker hold the three million dollar check that is being returned to its 981 member-owners.
“Farm Credit of Northwest Florida had another successful year in 2016. We’re pleased to be able to share our success with borrowers by putting profits in their pockets,” said Richard Terry, Chairman of the Board.
Since 1988, Farm Credit of Northwest Florida has returned more than $82 million in patronage refunds to its member-owners.
Farm Credit of Northwest Florida is a member-owned financial cooperative headquartered in Marianna, Fl., that serves 18 counties through the Florida Panhandle. Farm Credit offers highly competitive credit to meet the financing needs of farmers, agribusiness, rural landowners and homeowners. For more information about the types of financing available or how cooperative lenders share their profits with borrowers, go to www.farmcredit-fl.com