Published in the Interest of the Staunton Community for Over 143 Years

$40 Million Patronage Paid To FCI Members

Nearly 8,000 Farm Credit Illinois (FCI) borrowers receive their share of a $40 million cash patronage distribution this week. In true cooperative spirit, patronage is distributed proportionally based on the net interest margin contribution of each loan. Checks are delivered the week of June 10.

This is FCI’s sixth annual patronage distribution, totaling $206 million declared since 2019. In December, FCI’s Board of Directors declared a $40 million distribution after reviewing 2023 year-end financials and projecting capital and business needs for the coming year.

Cash patronage returns a portion...

 

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