Compeer to Distribute More Patronage Payments
USAgNet - 02/19/2020
Compeer Financial will soon be distributing more than $177 million in patronage payments to about 30,200 of its members.
"As a cooperative, returning a portion of our earnings is an important component of our business model," said Compeer CEO Rod Hebrink. "The Compeer Financial Board of Directors is committed to a strong patronage program that creates value for all
member-owners and honors the objectives of the patronage programs offered by prior organizations."
The cooperative was formed in 2017 when Badgerland Financial, 1st Farm Credit Services and AgStar Financial Services joined forces.
Last year, the cooperative distributed about $150 million in payments as part of its patronage program.