We put our profits in your pockets.®
AgCarolina returned over $18 million in profits to our North Carolina members in the past year alone.
As an agricultural credit cooperative, AgCarolina Farm Credit is owned by the member-borrowers who purchase stock/participation certificates in the cooperative. After each fiscal year, our elected board of directors looks at the standing of our capital position and decides whether we need to retain the net income of the association to strengthen that position, or if we can distribute some or all of that net income back to our members by declaring a patronage refund.
The distribution of profits to our members effectively reduces the cost of borrowing money. Because our members own the bank, they share in the profits.