JEFFERSON CITY, MO. — FCS Financial has been helping farmers, ranchers and rural communities in Missouri succeed for more than 100 years. Recently, the Board of Directors announced the cooperative is returning more than $12.5 million to their member-owners in cash patronage for the 2016 calendar year.
“Being a member of a cooperative such as FCS Financial provides many benefits including patronage,” says David Janish, FCS Financial CEO. “When FCS Financial is successful, we are able to share our success with our members by returning part of the cooperatives’ earnings.”
Each FCS Financial office will host Customer Appreciation Day on March 21 from 10 a.m. to 6 p.m. Refreshments will be available. Patronage checks can be picked up at Customer Appreciation Day but attendance is not required for FCS Financial members to receive their check. Checks that are not distributed by the end of business on April 3 will be mailed.
Since 2006, FCS Financial has returned more than $73 million to members. Patronage payments are based on a member’s loan business activity with the association. All eligible members will receive a minimum of $20. Each eligible member’s patronage check will be available March 21 through April 3 at the FCS Financial office where their loan is serviced.
FCS Financial is a member of the Farm Credit System. The system is a nationwide network of cooperative lending institutions that provides credit and financial services to farmers, ranchers, rural residents and agribusinesses. With more than 100 years of agricultural lending experience, the Farm Credit System is the largest single provider of agricultural credit in the United States. FCS Financial serves 102 counties in Missouri through 21 office locations.
— FCS Financial
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