Texas AgFinance distributed a $5,150,000 patronage to our customers in April 2010. The patronage was based on the association’s 2009 net earnings, and exceeded the patronage amount distributed last year.
The patronage included $195,000 in cash, a qualified allocated surplus of $455,000 and a non-qualified allocated surplus of $4,500,000. Texas AgFinance’s commitment to sharing its earnings with borrowers comes from its cooperative structure.
No other type of lender offers such an advantage.
