STATESVILLE, NC – The month of April signifies much more than spring time and warmer weather. For Carolina Farm Credit and our members, it represents a month filled with great fellowship, great food, and the return of our cash dividends.
Every April, Carolina Farm Credit holds customer appreciation events for our members at each of our 32 branch locations. Each branch plans and hosts the events for our local members. These events signify a way for us to say thank you for not only your business, but your support over the years. At these events, branch employees worked diligently to provide a meal of thanks and an opportunity to network with our members and their families. Along with that, Carolina Farm Credit also provided annual cash dividend checks to members that were present.
This year, Carolina Farm Credit CEO Vance C. Dalton, Jr. was proud to announce that a cash dividend of over $14.8 million was distributed to members. This distribution represented our cooperative’s sharing of 2016 profits. "When we distribute our profits to our borrowers, it reduces their effective cost of borrowing," Vance C. Dalton, Jr. stated, "and it proves that there are distinct financial benefits in doing business on a cooperative basis."
Along with the cash distribution, members had the opportunity to enter a drawing to win a new John Deere Gator for their operations! Each branch will draw a name at the end of April and that name will continue on to the final raffle where one name will be drawn as the grand prize winner!
To read more about Carolina Farm Credit, our members and the ag industry, check out issues of our Leader magazine—you can read them online.
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