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Compeer Financial Distributes Patronage Payments
USAgNet - 08/08/2018

With its first full year of business now in the books, the region's largest financial cooperative announced it will distribute $65 million in patronage payments to more than 30,000 of its members to close out fiscal year 2017.

"As a cooperative, returning a portion of our earnings is an important component of our business model," said Compeer CEO Rod Hebrink. "We're pleased to be paying back about a third of our earnings to member owners this year."

This is the second payment made to Compeer's member-owners in 2018. Back in March, the farm credit institution distributed $118.6 million in patronage payments to nearly 39,000 of its members.

The cooperative was formed last year when Badgerland Financial, 1st Farm Credit Services and AgStar Financial Services joined forces--making Compeer Financial the third largest cooperative of the Farm Credit System.

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