June 29, 2016
Badgerland Financial closed its 2015 fiscal year with good earnings, a strong portfolio and solid capital position, resulting in the cooperative’s board of directors declaring $13.5 million in cash patronage dividends be returned to nearly 7,000 patronage-eligible member-borrowers.
Badgerland Financial Board of Directors present a $13.5 million cash patronage dividend to member borrowers at the close its fiscal year.
“The patronage program is one of the many benefits of working with our cooperative and a knowledgeable team. Together we navigate both the good and challenging times, and together we share in the success,” said Diane Cole, CEO. “Our members know that we are committed to serving Wisconsin agriculture and the rural communities we call home. No other lender is better at financing agriculture or giving back to it.”
In the last 12 years, Badgerland Financial has returned more than $111 million to its patronage-eligible member-borrowers to reinvest into their farms and businesses, directly impacting local and state economies.
“As a Farm Credit association, we have entered our 100th year and are proud to have returned more than $111 million back to our members. As we mark this important milestone, we look forward to providing reliable and consistent credit to agriculture and rural communities for the next 100 years,” Cole said.
Source: Badgerland Financial
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