Badgerland Financial returns $13.5M in patronage dividends
PRAIRIE DU SAC
Badgerland Financial closed its 2015 fiscal year with good earnings, a strong portfolio and solid capital position, resulting in the cooperative's Board of Directors declaring $13.5 million in cash patronage dividends be returned to nearly 7,000 patronage-eligible member-borrowers.
'The patronage program is one of the many benefits of working with our cooperative and a knowledgeable team. Together we navigate both the good and challenging times, and together we share in the success,' said Diane Cole, CEO. 'Our members know that we are committed to serving Wisconsin agriculture and the rural communities we call home. No other lender is better at financing agriculture or giving back to it.'
In the last 12 years, Badgerland Financial has returned more than $111 million to its patronage-eligible member-borrowers to reinvest into their farms and businesses, directly impacting local and state economies.
'As a Farm Credit association, we have entered our 100th year and are proud to have returned more than $111 million back to our members. As we mark this important milestone, we look forward to providing reliable and consistent credit to agriculture and rural communities for the next 100 years,' Cole stated.
Badgerland Financial, headquartered in Prairie du Sac, is a customer-owned financial cooperative proud to finance the growth of agriculture and rural America. Badgerland Financial is one of the region's leading providers of credit, crop insurance, tax and accounting services to farmers, agribusinesses and rural residents. The company is committed to delivering on its vision to cultivate prosperity for agriculture and rural Wisconsin by serving member-owners through offices in 33 southern Wisconsin counties. To learn more, visit badgerlandfinancial.com.