Sorry, you need to enable JavaScript to visit this website.

Texas Farm Credit announces record distribution

April 01, 2020 - 05:00
Posted in:

Texas Farm Credit customers are getting cash back this spring for the 22nd year in a row, the lender said in a news release earlier this week. It said the amount will be the highest returned to customers in the financial institution’s history. The rural lending cooperative is distributing a record $12.3 million in patronage div idends to its customers. About 3,800 checks will be going out across its 100-county territory. Patronage lowers borrowing costs by refunding a portion of the interest customers paid on their loans the previous year, Farm Credit explained. On average, a Texas Farm Credit borrower who had a ...

PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!