Our offices will be closed to the public through 4/3 due to the COVID-19 situation. We will, however, continue to fully operate. Please contact us by phone or email with any questions. Payments can be made through Ag Banking Online or by placing payments in the branch mail drop. Read More

News News
News
find us

Find an Office Near you

Please select a county, office, ZIP code or click use my location.

View all locations

 FAQ 

Over Half our Profits Returning to Customers

Alabama farmers and rural property owners who borrow money from Alabama Ag Credit are receiving a record $9.8 million in cash from the lending cooperative this year. That number equates to nearly one percent of the interest they paid in 2019. Customers of Alabama Ag Credit aren’t just borrowers — they are members and when the co-op does well, so do they.

“The cash patronage we distribute to our members each year shows the strength of this organization. As a true cooperative, it is our goal to give back to our members and continue to help them through the good times and bad. We are proud of the 2019 results and the cash patronage we are able to distribute,” said Larry Gibson, board chairman.

The cooperative’s elected board of directors are farmers themselves and have a deep understanding of the challenges our members face each day. In carefully managing the safety and soundness of the institution, board members also determine how best to distribute the net income our association earns each year, including approving the cash patronage amount. Distributed in March, these cash payments go directly to members who primarily live in the lower 40 counties of Alabama. Since 2006 Alabama Ag Credit has returned nearly $86 million dollars that reach beyond the members and into the communities and economies where that money circulates.

The financial results discussed here are preliminary and unaudited. Please visit AlabamaAgCredit.com/FinancialReports in spring 2020 to see our complete results.

Over Half our Profits Returning to Customers

Alabama farmers and rural property owners who borrow money from Alabama Ag Credit are receiving a record $9.8 million in cash from the lending cooperative this year. That number equates to nearly one percent of the interest they paid in 2019. Customers of Alabama Ag Credit aren’t just borrowers — they are members and when the co-op does well, so do they.

“The cash patronage we distribute to our members each year shows the strength of this organization. As a true cooperative, it is our goal to give back to our members and continue to help them through the good times and bad. We are proud of the 2019 results and the cash patronage we are able to distribute,” said Larry Gibson, board chairman.

The cooperative’s elected board of directors are farmers themselves and have a deep understanding of the challenges our members face each day. In carefully managing the safety and soundness of the institution, board members also determine how best to distribute the net income our association earns each year, including approving the cash patronage amount. Distributed in March, these cash payments go directly to members who primarily live in the lower 40 counties of Alabama. Since 2006 Alabama Ag Credit has returned nearly $86 million dollars that reach beyond the members and into the communities and economies where that money circulates.

The financial results discussed here are preliminary and unaudited. Please visit AlabamaAgCredit.com/FinancialReports in spring 2020 to see our complete results.