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FCS Financial in Springfield is hosting their Grand Opening on March 19 from 10 a.m. to 6 p.m. in conjunction with National Ag Day. The community is invited to stop by, meet the FCS Financial employees, tour the office and register for a gas grill. Lunch will be provided from 11 a.m. to 2 p.m. Additionally, current members of FCS Financial will have the chance to pick up their share of the company's success in the form of a cash patronage check. The new FCS Financial office in Springfield is located at 500 South State Highway B near the USDA Building and the Springfield Livestock Center.

FCS Financial’s Board of Directors announced that they will return more than $9 million to their member-owners in cash patronage for the 2012 calendar year.

“FCS Financial operates as a cooperative. It is this structure that allows us to return earnings to our customers,” says Kevin Langford, FCS Financial general counsel and interim CEO. “Over the past six years, we have returned nearly $30 million dollars to our customers who predominantly live in rural Missouri.”

After the financial results are known at the end of each year, the FCS Financial board reviews the cooperative’s financial situation and the business plan projections to determine if patronage will be paid or if earnings will be retained for capital.

“In 2012, Missouri suffered one of the worst droughts in history,” says Langford. “However, FCS Financial maintains a diverse portfolio and was able to continue its positive growth pattern of the last few years. The board considered this growth, the financial strength of the association and risk factors before deciding to pay patronage.”

Attendance by FCS Financial member is not required for them to receive their check. Those checks not distributed by the end of business on April 1 will be mailed.

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 19 through April 1 at the FCS Financial office where their loan is serviced.

For more information, contact your local FCS Financial office at 1-800-444-3276 or visit the 2012 Patronage Program under How We're Different.

 
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