GreenStone distributes $15 million in patronage to customers

For the third year in a row, customers of GreenStone Farm Credit Services will soon be reminded of the added benefits of doing business with their financial cooperative. In December, the GreenStone FCS Board of Directors approved the payout of $15 million in cash patronage for the 2007 calendar year. 

Once again, GreenStone’s plan is to not only distribute a qualified cash patronage payment to customers, but also to use non-qualified allocations as a permanent investment in the association to capitalize future growth.

According to GreenStone FCS President/CEO Jim Schiller, the patronage program establishes GreenStone as unique in the financial services industry.

“The loyalty and commitment our customers show towards GreenStone is what makes our patronage program possible each year,” said Schiller.  “Our stockholders can be assured that their financial cooperative is continuously striving to not only offer our products and services at competitive rates, but also to return a portion of our earnings back in the form of patronage.  It’s this type of added value that helps set us apart in our industry.”