RIDGELAND, Miss. — First South Farm Credit member/borrowers received approximately $15.8 million in patronage refund checks in April, according to CEO Roger F. Chappell. Patronage, which is a form of dividend payment, is based on the association’s year-end earnings.
“As a cooperative, we are proud to continue our tradition of having our member/borrowers share in our success and profits,” said Dan West, chairman of the First South board of directors. “This is the 20th consecutive year we’ve paid a patronage refund. Over that period of time, First South has declared patronage totaling over $279 million to be paid to its member-borrowers through patronage refunds and retirements of allocated surplus.”
For more information, visit www.FirstSouthLand.com or call (800) 955-1722.
