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Business Briefs for Feb. 27

February 27, 2012
Marshall Independent

Schafer completes AIS program

Bethany Schafer of North Star Mutual Insurance of Cottonwood recently completed the requirements leading to the completion of the Associate in Insurance Services program, which deals with improvement of service within the insurance industry. She began working for North Star in November of 2007 and is a policy processing technician for the Personal Lines Underwriting Department.

United FCS distributing $5M in cash patronage

United FCS is once again sharing its financial success with its member-owners in the form of cash patronage - announcing that it will be distributing $5 million in cash patronage in early March. This patronage distribution (a return of a portion of the Association's net earnings to eligible customers) raises the combined total patronage paid to over $55 million since 2002.

United FCS posted solid net earnings in 2011 due in part to continued growth in both loan volume outstanding and membership.

As a result of exceptional Association performance in 2011, the patronage distribution for 2011 (payable in March 2012) was set at $5 million.

United FCS is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation's rural economy.

 
 

 

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