What does it mean that Capital Farm Credit is cooperatively owned?
Everyone obtaining a loan through Capital Farm Credit becomes an owner of the association through the purchase of stock equal to 2 percent of their loan amount or $1000, whichever is less. Funds for the stock can be included in the loan. Ownership of this stock gives you the right to participate in the business affairs of the association, including election of the board of directors. Traditionally, customers are paid patronage and/or dividends, which further reduces the cost of borrowing for our customers.
