SW Ga. Farm Credit returns profits to member-owners
Published 10:53 am Wednesday, April 10, 2019
BAINBRIDGE — Southwest Georgia Farm Credit, ACA, a customer-owned financial institution, has announced that it plans to distribute $5 million of its 2018 profits in cash to those who borrow from the Association. Since 1991, the Association has returned more than $126 million in member dividends.
The cash distribution means customers get 100 percent of their share of the Association’s profits in their pockets annually when declared by the Board of Directors.
“Borrowers have the distinct advantage of local control of their lending institution and sharing in the profits of the Association,” said Paxton Poitevint, chief executive officer. “We’re proud to deliver safe, sound, reliable credit to the rural communities we serve. This distribution is yet another example of our commitment to those who live, work, and play in southwest Georgia.”
Headquartered in Bainbridge, Southwest Georgia Farm Credit supports farmers and farm businesses, as well as rural property owners, providing safe, sound, dependable financing. The association is part of the Farm Credit System, a nationwide network of agricultural and rural lending institutions cooperatively owned by their borrowers.
Farm Credit helps maintain and improve the quality of life in rural America and on the farm, through its constant commitment to competitive lending and expert financial services.