Yankee At A Glance

  • 90 years of lending to Northeast farmers, in good times and bad


  • The # 1 financial services cooperative in our three-state territory


  • Serving people involved in the business of agriculture, including: farmers, forest products businesses, part-time farmers, agribusinesses, nursery and greenhouse operators, and country home owners


  • Close to 2,000 customers in our three-state territory: New Hampshire, New York and Vermont.

  • A leader in farm legislation and regulatory reform


  • More than $225 million in loans to capitalize ag businesses


  • Part of the national Farm Credit System founded in 1916 to promote the growth and prosperity of agriculture throughout the United States


  • A full range of credit services
    - Real estate loans
    - Equipment loans
    - Operating loans
    - Country home mortgage loans
    - Letters of credit
  • Financial services that enhance productivity and profitability:
    - Leases
    - Tax services
    - Financial record-keeping services and software
    - Payroll services
    - Estate planning
    - Business consulting
    - Appraisals
    - Credit life insurance
  • More than $2.62 million in patronage refunds distributed to all members in 2006. The 2006 patronage refund reduced member interest rates by about one percentage point.

  • Proud sponsors of dozens of agricultural, community and civic activities, including: FFA Star Farmer, Northeast Ag Enhancement Program; Apple Industry Leadership Forum; University of Vermont Dairy Products Resource Center; New England Dairy Compact; Vermont Dairy Industry Association; UVM Extension System; and Farm Bureau.

  • $4,000 in college scholarships annually


What is a "cooperative"?
When you become a Yankee Farm Credit borrower, you become a member of a financial cooperative with stockholder voting rights and an opportunity to share in the distribution of patronage refunds. These refunds are based on interest — or "patronage" — accrued by members to the cooperative and returned to borrowers following the end of every calendar year in which our net earnings meet objectives.

Key Benefit: In effect, patronage refunds help reduce the cost of borrowing.

   


















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