Due to our structure as a cooperative, Colusa-Glenn Farm Credit borrowers are more than just customers, they’re owners. As well as having a voice in how we operate, customers are entitled to share in our success through a cash back dividend.
At the end of each fiscal year, the Board of Directors assess the total income of the cooperative. They forecast our future financial needs and determine how much of our earnings should be retained to provide strength in order to serve our customers through the ups and downs of the agriculture industry. The rest is returned to our customer-owners.
Customers receive their cash back dividend in a check mailed in the spring of each year.
Yes. Dividends are taxable as earnings and we’ll send you an IRS Form 1099-PATR for each year dividends are paid. Consult your tax advisor about your specific situation.