FCS Financial’s Board of Directors announced that they will return more than $10 million to their member-owners in cash patronage for the 2014 calendar year.
“FCS Financial finished 2014 with record earnings and is pleased that as a cooperative our customers will benefit from that success through patronage,” says David Janish, FCS Financial CEO. “Since 2006, FCS Financial has returned more than $48 million to our customers.”
After the financial results are known at the end of each year, the 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.
To kick off the distribution of patronage checks to customers, each FCS Financial office will host a Customer Appreciation Day from 10 a.m. to 6 p.m. on March 18 in conjunction with National Ag Day. Attendance is not required for FCS Financial members to receive their check. Those checks not distributed by the end of business on April 3 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 18 through April 3 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 the 2014 Patronage Program under “How We're Different.”
“FCS Financial finished 2014 with record earnings and is pleased that as a cooperative our customers will benefit from that success through patronage,” says David Janish, FCS Financial CEO. “Since 2006, FCS Financial has returned more than $48 million to our customers.”
After the financial results are known at the end of each year, the 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.
To kick off the distribution of patronage checks to customers, each FCS Financial office will host a Customer Appreciation Day from 10 a.m. to 6 p.m. on March 18 in conjunction with National Ag Day. Attendance is not required for FCS Financial members to receive their check. Those checks not distributed by the end of business on April 3 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 18 through April 3 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 the 2014 Patronage Program under “How We're Different.”
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