Category: Loans, credits and mortgages. Country: United States (USA).
Farm Credit is part of the nationwide Farm Credit System, a financial cooperative owned by its member-borrowers since 1917. Our primary function is to provide loans, including: Long-term farm and country home loans, Intermediate-term loans for buildings, machinery and other equipment,
Intermediate-term loans for land, construction, livestock and improvements, Short-term production loans for both full-time and part-time farmers, Loans for ag-related businesses, Wood industry loans for operating capital, timberland acquisition, standing timber. Unlike commercial banks, our cooperative structure means that a portion of the profits generated from our lending activity is returned to our borrowers in the form of patronage refunds. These patronage refunds are based on the proportion of interest earned on an individual loan. This significantly reduces the cost of borrowing for our customers, and patronage refunds are split between a direct cash payment and an allocated surplus account in the member s name. As a complete financial institution for the agricultural field, we also provide a full range of other financial services for our customers, including: Secondary market financing for homeowners, Multi-peril and crop hail insurance, Truck and equipment leasing, Credit life insurance, Term life insurance. The team at Farm Credit are financial professionals with the experience and knowledge to provide the help you need when you need it. And we know agriculture and country living. We re federally chartered, but locally operated by people you know and trust. Our combination of competitive rates, personal service and extensive local knowledge is unmatched in the financial world. Just contact us and see what we can do for you. Locations. We serve 96 counties in Virginia, West Virginia and Maryland, with 23 branch offices conveniently located near you. About the Farm Credit System: The Farm Credit System is a nationwide network of cooperative lending institutions that provides credit and financial services to farmers, ranchers, rural homeowners, agricultural cooperatives, rural utility systems and agribusinesses. The system provides more than $61 billion in loans to over half a million borrowers. The system was created in 1916 by an act of Congress and is the largest single provider of agricultural credit in the United States. The strength and stability of the system is reflected in the size of the national system over $90 billion in total assets, but the real benefit of the operation is dealing with a local office with hometown people who know their business, their communities and their customers. Unlike commercial banks, we do not take deposits. Money is raised by selling system-wide bonds and discount notes in the securities market on Wall Street. The proceeds are channeled through Farm Credit System banks, associations and thus ultimately to our customers involved in agriculture and agribusiness...
Address: Maryland MD, West Virginia WV, 660 Pepper s Ferry Road Wytheville, Virginia VA 24382 Phone: 276 228 8666 Fax: 276 228 8186
