Southwest Georgia Farm Credit, a customer-owned financial institution, announced today that it plans to distribute $4.7 million of its 2016 profits in cash to its member-owners.
BAINBRIDGE, Georgia—Southwest Georgia Farm Credit, a customer-owned financial institution, announced today that it plans to distribute $4.7 million of its 2016 profits in cash to its member-owners. Since 1991, the Association has returned more than $116 million in member dividends.
“As a cooperative, whose borrowers own the business, it’s important that we create value for our owners, and distributing our profits is one way we do that,” said Richard S. Monson, president, Southwest Georgia Farm Credit. “No other lender in southwest Georgia offers that value.”
Monson noted that the cash distribution means customers get 100% of their share of the Association’s profits in their pockets annually when declared by the board of directors.
“While we serve agriculture, we also finance land, homes with acreage, timberland and other properties you’ll find throughout southwest Georgia,” Monson said. “We offer customized financial solutions and loan products that are common sense and may save you money. Typically, a quick conversation will help us understand a client’s needs and allow us to show how being a member-owner is the best financing deal around.”
Headquartered in Bainbridge, Georgia, Southwest Georgia Farm Credit (www.SWGAFarmCredit.com
) supports farmers and farm businesses, as well as rural property owners, providing safe, sound, dependable financing. The association is part of the Farm Credit System, a nationwide network of agricultural and rural lending institutions cooperatively owned by their borrowers. Farm Credit helps maintain and improve the quality of life in rural America and on the farm, through its constant commitment to competitive lending and expert financial services.