Southwest Georgia Farm Credit Returns 2017 Profits to Member-Owners
BAINBRIDGE, Georgia—Southwest Georgia Farm Credit, a customer-owned financial institution, announced today that it plans to distribute $5 million of its 2017 profits in cash to its member-owners. Since 1991, the Association has returned more than $118 million in member dividends.
“One of the most important financial benefits of doing business with a cooperative is that, as a borrower, you are also a member/owner,” said Richard S. Monson, President, Southwest Georgia Farm Credit. “This entitles you to share in the Association’s profits through the member dividend program and there’s no other lender in southwest Georgia who offers that value.”
This cash distribution means customers get 100% of their share of the Association’s profits in their pockets annually when declared by the board of directors.
Headquartered in Bainbridge, Georgia, Southwest Georgia Farm Credit supports farmers and farm businesses, as well as rural property owners, providing safe, sound, dependable financing. The association is part of the Farm Credit System, a nationwide network of agricultural and rural lending institutions cooperatively owned by their borrowers. Farm Credit helps maintain and improve the quality of life in rural America and on the farm, through its constant commitment to competitive lending and expert financial services.