Farm News:Farm Events:Date: 7/1/10-9/13/10 Date: 7/15/10-8/5/10 Date: 7/31/10 Date: 7/31/10   
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Farm News: Badgerland Distributes CashcommentsPosted: 03.08.2010 Badgerland Financial has distributed $5.8 million in cash patronage to its members in 2010. “This is part of the cooperative difference,” says Diane Cole, CEO. “Our members are our owners, and that means they share in Badgerland Financial’s success.”
Badgerland Financial’s Board of Directors adopted a resolution this past year to allocate and pay a patronage distribution to qualifying members based on the net interest margin of loans borrowed from the association if pre-selected earnings and capital levels were achieved.
“The patronage program is an additional ownership benefit for our members and one that we believe separates us from other lenders,” says Bernard Meyer, Board chairperson. “All of our profits stay right here in our communities – whether paid in patronage to our member-owners or invested back into the cooperative to ensure a competitive source of funds and services over the long term.”
More than $40 million has been distributed since the inception of the patronage program. Badgerland Financial is committed to an ongoing patronage program within the context of maintaining a financially strong organization that can continue to provide for members’ credit needs both now and into the future.
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