20 YEARS OF PATRONAGE REFUNDS!
Because of You Since 2001, Farm Credit of the Virginias has been returning cash to our customer-owners. That’s 20 years of patronage refunds. A lot has changed in 20 years. We can now talk on the phone and use the internet at the same time. We can take photos with our phones instead of disposable film cameras and we can watch TV without commercials! What hasn’t changed is Farm Credit of the Virginias dedication to our customer-owners and our financial strength, which allows us to pay patronage each year. We find it no coincidence that 2021 marks our twentieth year of cash returns, culminating the one year anniversary of a global pandemic that created personal and financial challenges for many of our member-borrowers. Despite that, Farm Credit of the Virginias remained focused on helping our borrowers navigate difficult agriculture and economic environments, while our mission to serve and support agriculture and our rural communities never wavered. Our ability to pay patronage is a direct reflection of the trust and support our customer-owners show Farm Credit of the Virginias by selecting us as their lender. We are 20 years patronage strong because of you!
ir Sierra Evans with the Customers Sam and nage return tro Pa 2019
Moorefield loan officer Greg Mitchell FCV customer, Deborah Bishop of Valleywith View Poultry Farm – 2004 Patronage return
Celebrating We’ve returned $358 Million in refunds to customer-o sh wners since ca 2001. Year % of Interest Ac
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
inias Farm Credit of the Virg than has distributed more
119 Million
$
in cash refunds since 2001.
Year
in the Farm Credit is the only lender wers. borro area that returns profits to its ture Our unique cooperative struc puts money in your pockets.
2010
% of Interest Accrued
12% 13% 12% 16% 20% 20% 18% 12% 10% 12%
Cash Amount
$11,000,000
your cost of borrowing is As profits are returned to you, rate from Farm Credit reduced. You get a competitive interest rate and we reduce your effective . with our profit sharing refunds
12% 13% 12% 16% 20% 20% 18% 12% 10% 12% 12% 12% 24% 24% 17% 16% 31% 39% 34% 44%
crued
$
Cash Amount
8,036,000 8,449,000 7,456,000 $ 10,425,000 $ 15,146,000 $ 18,050,000 $ 18,500,000 $ 12,800,000 $ 10,000,000 $ 11,000,000 $ 10,700,000 $ 10,600,000 $ 21,000,000 $ 21,000,000 $ 15,000,000 $ 15,000,000 $ 30,000,000 $ 40,000,000 $ 35,000,000 $ 40,000,000 $
$
As profits are retu You get a compet rned to you, your cost of borrow itive ing is reduced. effective interestrate from Farm Credit and we red rate with our pro uce your fit sharing refunds . FarmCreditof
Virginias.com | 80 0.919.3276
Photo to come. , th FCV customer r Ashlie Howell wi Verona loan officerton – 2011 Patronage return Charlie Bu
Previous Harrisonburg loan officer Adam Shiflett, now association Fleet and Facilities Manager, with FCV customers, Bob and Susan Threewitts – 2011 Patronage return
Ervin with FCV customer Gate City loan officer Stacy 2 Patronage return Todd Pendleton – 201
Ashlie Howell with FCV customer, Char lie Burton and his 2020 Patronage return
Threewhits and son receiving Adam Shiflett with Robert ronage return Pat 9 201 ir the
Long time FCV customer thrilled to receive his patron Todd Pendleton was age refund this spring
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