First South in the News

3/1/2016 - First South Farm Credit to Issue Patronage Checks

First South announced today that it will distribute $12.5 million in patronage refund checks to its member-borrowers in April. Patronage, which is a form of dividend payment, is based upon the association’s earnings and financial performance. “The amount of patronage/dividend payment each borrower receives is determined by the borrower’s participation in the cooperative. It represents a savings of approximately 12% of the borrower’s 2015 interest cost,” said Roger Chappell, CEO of First South.

 

3/5/2015 - First South Farm Credit to Issue Patronage Checks

First South Farm Credit member-borrowers will receive approximately $15.8 million in patronage refund checks in April, Roger F. Chappell, CEO, announced today.  Patronage, which is a form of dividend payment, is based on the Association’s year-end earnings.

 

3/12/2014 - First South Farm Credit to Issue Patronage Checks

First South Farm Credit member-borrowers will receive approximately $13 million in patronage refund checks in April, Roger F. Chappell, CEO, announced today. Patronage, which is a form of dividend payment, is based on the Association's year-end earnings.

 

3/5/2013 - First South Farm Credit to Issue Patronage Checks

In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012, Roger F. Chappell, CEO, announced today.First South will send over $12 million in checks in April as part of the patronage refund program.

 

2/27/2012 - First South Farm Credit Pays $9 Million Cash Patronage

The amount of patronage declared for borrowers of First South Farm Credit will total $20 million from 2011 earnings. The cash portion of the refund to be paid in April will total $9 million, or approximately 13 percent of the interest that accrued on their loans in 2011. The remainder will be placed in allocated capital accounts for future revolvement.