Yankee Farm Credit today distributed $4.9 million in patronage refunds to its members who borrowed from the cooperative. This distribution represents approximately 57% of Yankee’s 2012 net income of $8.7 million. The patronage refund of $4.9 million and the refund rate of 1.25% on average member loan volume are both the highest they have ever been. The association had a great year in 2012 thanks to the good financial performance of members and hard work of staff. We are pleased to share this success with members via this patronage refund. Yankee Farm Credit has paid patronage refunds to its members every year since 1995. Total payments over those 18 years have exceeded $49 million.
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