Yankee Farm Credit had another good year in 2014. The Board of Directors has approved a patronage refund for 2014 of $4,641,000, which is 1.00% of average member loan volume. Although the patronage pool is not quite as large as the previous two years, the Board feels it is important to maintain a strong balance sheet for your Association.
Payment of the patronage refund is dependent on the satisfactory completion of the 2014 audit and the Association's receipt of its 2014 patronage refund from CoBank. We anticipate both of these will be completed in March. Members should expect their checks to be mailed around March 25th. Those who are signed up to receive their refund electronically should see it hit their accounts on March 27th. If you do not receive your payment please contact your local office or click here to e-mail us.
To all those who contributed to Yankee's success in 2014, thank you!
