September Updates
Local Control
Carolina Farm Credit’s director elections are now underway. Please look for your ballot to arrive in the mail and take the time to mark your ballot and return it as instructed. Carolina Farm Credit is a cooperative and your vote ensures the direction of our association is controlled by local farmers from communities just like yours.
Allocated Surplus Revolvement
I am very pleased to report that our Board has once again approved the revolvement of Allocated Surplus for this fall in the amount of $7.6 million. This revolvement will include both Qualified and Non-Qualified Allocated Surplus; therefore, it will be paid in two separate checks. We take our patronage program seriously, and therefore, are committed to living our motto “We Put Our Profits in Your Pockets!”
Because our Board members are farmers that live and operate within your local communities, they understand that many of our members continue to be impacted by the sluggish economy. Therefore, after determining that the association is adequately capitalized, they understand the importance of returning cash now when many of you need it more than ever.
Fall Customer Appreciation Events
The Board has also approved the reinstatement of Fall Customer Appreciation Events (CAEs) this October in each of our 37 service centers. Be looking for your invitation in the mail and hopefully you can arrange to attend your local CAE. Good food – Good fellowship – Pick up a couple checks…just a few good reasons to do business with Carolina Farm Credit. I look forward to visiting with as many of you as possible during the October CAEs.
