Career Opportunities!

Are you passionate about agriculture?  Do you want to be involved with supporting local farm businesses to ensure their success?  If you said yes to these questions, we want to hear from you!

We currently have openings in three of our offices, please check our career opportunities page on our website for more information about each position.

Branch Manager in our White River Junction office

Credit Analyst or Loan Officer in our White River Junction office

Credit Analyst in our Derby office

Administrative Assistant in our Williston office

Yankee Farm Credit is an affirmative action, equal opportunity employer M/F/D/V

Open House in Derby, VT

Please stop by and join us for an open house at our new Derby office on Tuesday, June 9th from 5pm to 7pm. We would love to give you a tour of the facilities, located at 250 Commerce Way.

Association Cars For Sale

Please see the listing of company autos that are for sale. These will be available until June 8th, after that time they will be brought to auction. Please note that pricing on these is set at Kelley Blue Book trade in price. As company cars the expectation is that they were serviced on schedule but they are sold as-is.

• 2010 Toyota Camry XLE, 118,250 miles, green with leather interior, heated seats, moonroof, v6. $9,250
• 2011 Subaru Legacy Premium, 89,000 miles, blue with heated seats and all weather package. $8,750
• 2011 Subaru Legacy, 86,000 miles, dark gray. $8,500
• 2011 Subaru Legacy, 73,500 miles, white. $9,500
• 2011 Camry, 80,000, gray. $9,000
• 2011 Toyota Camry LE, 110,000 miles, white. $7,500

If you have any questions please contact Ruchel at the Williston office, 800-639-3053.

Q1 2015 Financial Results

With good spring weather finally arriving, the first quarter financial results are now available. Yankee can announce that we had another good quarter. Favorable net income resulting from increased net interest income, a negative provision for credit losses and other income were offset by an increase operating expenses. The balance sheet shows that loans were down from year-end, but the decrease is traditional for this time of year. The quality of the loan portfolio remains strong and is expected to remain that way in the foreseeable future. All of these good results have one factor in common – good members.

Quarterly net income for Yankee was $2.6 million, an increase of $252 thousand over 2014. The most significant factors driving the increase were increases of $94 thousand in net interest income and $89 thousand in other income, along with a decrease in the provision for credit losses of $299 thousand. These favorable factors were offset by an increase $229 thousand in other expenses.

Quarter-end loans held by the Association at March 31, 2015 were $419.5 million, down 3.2 percent from year-end. The loan portfolio continues to be concentrated in the dairy industry, with 50 percent of the loans invested in dairy businesses. The second largest concentration is timber, with 15 percent of the loan volume at quarter-end.

Credit quality across Yankee’s loan portfolio remained strong during the quarter and well within the risk-bearing capacity of the Association. At quarter-end 0.7 percent of the Association loans were classified as nonperforming, this was up 0.1 percent from the end of 2014. There were no loan charge-offs, but recoveries of $3 thousand in the quarter. The Association’s capital position remains strong.

The 2014 patronage refund to members in the amount of $4.6 million was paid 100% in cash on March 24, 2015.

Click here for the full quarterly Report to Shareholders, and here for the quarterly financial news release.

Stewards of the Land

CoBank has produced a video about the stewardship values and activities of farmers, ranchers and others living in rural America:

Stewards of the Land

Board Officers and Committees

At the April 30, 2015, board meeting, Yankee's Board of Directors elected the following officers:

Chairperson - Paul B. Franklin
Vice Chairperson - Rocklyn A. Giroux

Yankee's Board of Directors (left to right): Brad Maxwell, Tom Colgan, Paul Franklin, Rocki-Lee DeWitt,
Celeste Kane-Stebbins, Rocky Giroux, Rene Saenger, Steve Taylor, Alan Bourbeau, Bryan Davis, Walt Gladstone.

Committee assignments were also approved at the meeting:

Executive Committee
Rocklyn A. Giroux, Chairperson
Thomas J. Colgan
Paul B. Franklin
Walter M. Gladstone
Celeste Kane-Stebbins

Audit Committee
Rocki-Lee DeWitt, Chairperson
Alan J. Bourbeau
Bradley N. Maxwell
Rene M. Saenger
Stephen H. Taylor

Compensation Committee
Thomas J. Colgan, Chairperson
Rocki-Lee DeWitt
Paul B. Franklin
Walter M. Gladstone
Bradley N. Maxwell

Membership/Governance Committee
Alan J. Bourbeau, Chairperson
Bryan E. Davis
Rocklyn A. Giroux
Celeste Kane-Stebbins
Rene M. Saenger

Annual Meeting Results

Our annual meeting week wrapped up with the 5th meeting today (April 10th) in Peru, NY. Members completed voting for directors, ballots were counted, and the results were announced before the meeting was adjourned.

Elected to three year terms on the board of directors were:

Region 1 – Rocklyn A. Giroux
Region 2 – Bradley N. Maxwell
Region 3 – Stephen H. Taylor

Elected to a one year term on the board of directors was:

Region 3 – Rene M. Saenger

Congratulations to Rocky, Brad, Steve and Rene. And thanks to Dr. Marco C. Turco, Samuel W. Lincoln, David F. Folino, Jane Clifford and Miles H. Tudhope for participating in the elections as candidates.

George Putnam's annual meeting comments are here.

We welcome any feedback about annual meetings, if you have questions or comments please let us know! You can e-mail your thoughts or give Ruchel a call at 800-639-3053.

We've Moved From Newport to Derby!

Our Derby office is now open at 250 Commerce Way! Our former facility on Highland Avenue in Newport served us well for many years but the staff had outgrown the building. While the views of Lake Memphremagog will be missed, the staff is excited about the roominess of the Derby office.

Move-in day was Friday, March 6^th and we opened for business on Monday, March 9^th. The staff is now all above grade and they couldn’t be happier!

The office is a state-of-the-art facility with energy efficient features such as skylights for natural light in the common areas and motion detector lights. The driveway also offers easy in and out access for your larger vehicles and trailers, something that we couldn’t provide at the old office.

Plans are in the works for an open house later in the spring, but take a minute to stop by and have a tour anytime if you are in the area.

New Middlebury Office

The new Middlebury office opened for business on November 24, 2014, just 5 months after breaking ground. The office is located at 320 Exchange St., just down the street from our former location. We held an open house on February 11, 2015, which was attended by members, directors, neighbors, business associates as well as former and current employees.

The staff is excited about the new building which includes many notable improvements. For instance, the driveway has been built so you can pull in with your cattle hauler, milk truck, etc., park and get back out into traffic without issue! The building was also built with a number of energy efficient features such as motion sensors on the lights to conserve electricity. If you get a chance to visit the office, take some time to look at the pictures on the walls. They were taken by a local photographer and feature scenes from around the Addison County area.

If you are in the Middlebury area, please take a minute to come in and say hello. A staff member will be happy to give you a tour!

Management Changes

Yankee Farm Credit announces changes in its management and administrative staff.

We have created a new position of Senior Vice President/Chief Strategy Officer, and I am pleased to announce the promotion of Geoffrey C. Yates to this position. In his current role, Geoff is responsible for all financial services. Geoff’s responsibilities will be expanded to include strategic planning and human resources as well as financial services. Geoff has been with Yankee since 1980 and has served in a variety of positions, including Chief Appraiser.

We are creating four new management positions, all reporting to Geoff.

Mike Moloney is being promoted to Manager of Tax Services. Mike has been with Yankee since 1999 working in the financially related services department as a Farm Tax and Records Specialist. He has been Assistant Manager of the department since 2011.

Lisa Gravel is being promoted to Manager of Records and Payroll Services. Lisa has been with Yankee since 1991, working at first as an assistant credit analyst/documentation specialist and more recently as a Farm Tax and Records Specialist.

Rob Guay is being promoted to Manager of Appraisal Services. Rob began employment with Yankee in 2008, working in the appraisal department as an appraisal analyst. Rob obtained his certified general appraiser license in 2012 and is licensed in both New York and Vermont.

Ruchel St. Hilaire is being promoted to Manager of Human Resources and Administration. Ruchel has been with Yankee since 1996 as Executive Assistant. Since 2003 she has also been Personnel Coordinator.

We currently have an opening for an Administrative Assistant. Please click here for details.

Please join me in congratulating Geoff, Mike, Lisa, Rob and Ruchel on their promotions!