Release date: 6/10/2015
STATESVILLE, NC – Vance C. Dalton, Jr., CEO of Carolina Farm Credit announces that Arthur Duncan and Greg Barbee are the winners of the 5,000 watt Honda Generators given away as association-wide door prizes at the spring customer appreciation events. Duncan is a customer of the Taylorsville branch and Barbee is a customer in Concord.
During the month of April, each of Carolina Farm Credit’s 36 branches held customer appreciation events, and over 2,000 customers attended. Carolina Farm Credit gave over $5.5 million in patronage refunds back to its member borrowers in the form of cash payments.
Carolina Farm Credit held an association-wide drawing for the generators during spring customer appreciation events in April to celebrate returning patronage to member-borrowers. CEO Vance C. Dalton, Jr. said, "This is the 27th consecutive year we've paid a patronage refund. Since 1988, Carolina Farm Credit has declared patronage totaling more than $404 million paid to its member-borrowers through patronage refunds and retirements of allocated surplus. We're pleased to be able to share our success with our borrowers by putting our profits in their pockets.”
Carolina Farm Credit is a stockholder-owned cooperative providing financing to full and part-time farmers and agricultural-related businesses and also provides financing for the construction and purchase of homes in 54 counties through 36 branch offices. Other financial services available are credit life insurance, crop insurance, appraisal services, leasing programs and financial planning.
Carolina Farm Credit serves over 9,200 members with loans outstanding totaling more than $1.4 billion. The association’s territory covers the western half of North Carolina, with branch offices located in Albemarle, Asheboro, Asheville, Boone, Browns Summit, Burnsville, Carthage, Concord, Conover, Ellerbe, Graham, Hendersonville, Hillsborough, Jefferson, Lenoir, Lexington, Lincolnton, Marshall, Mocksville, Monroe, Murphy, Pilot Mountain, Roxboro, Rural Hall, Salisbury, Shelby, Siler City, Sparta, Spindale, Statesville, Taylorsville, Wadesboro, Waynesville, Wilkesboro, Yadkinville, and Yanceyville.
Carolina Farm Credit was recognized as a 2015 Best Employer in North Carolina. The list of the Best Employers in North Carolina was created by Business North Carolina, the Society for Human Resource Management (SHRM) – NC State Council and Best Companies Group.
Directors for Carolina Farm Credit are Mark A. Bray, Chairman, Lawsonville; L. Kim Starnes, Vice-Chairman, Salisbury; John M. Barnard, Statesville; E. Bernard Beck, Seagrove; W. Rex Bell, Statesville; David M. Coltrane, Pleasant Garden; Susie J. Gambill, Sparta; Joseph A. Lail, Shelby; Clark M. Newlin, Haw River; Thomas E. Porter, Jr., Concord; Tony L. Ragan, Sanford; D. Kaleb Rathbone, Waynesville; Lewis E. Smith, Lincolnton; Vickie N. Smitherman, East Bend; Dr. Alton Thompson, Summerfield.
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