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Thursday, April 3, 2014

Our Profits in Your Pockets


FLORENCE, SC- ArborOne Farm Credit President Kathy Heustess and Board Chairman Mickey Ward announced at a February meeting that the company experienced record earnings in 2013 and would be paying 63% of net interest earned as patronage to the cooperative’s member-owners. Since 1989, ArborOne has returned more than $74 million in cash to its customers. And in 2014, the check will be in the mail March 31st, representing approximately $3.5 million being returned to member-owners.

President and CEO Kathy Heustess stated, "As the leading agricultural lender in the Pee Dee, ArborOne remains well-capitalized and ready to lend to local farmers, agribusiness, and landowners.

"We are so proud of our 26 consecutive years of paying patronage to our member-owners."

ArborOne Farm Credit is pleased to be the go-to for agricultural lending in the twelve counties of the Pee Dee region of South Carolina: Chesterfield, Clarendon, Darlington, Dillon, Florence, Georgetown, Horry, Lee, Marion, Marlboro, Sumter, and Williamsburg. Since 1916, ArborOne has been providing loans for land, equipment, and production agriculture. The association also provides crop insurance and leasing programs. Headquartered in Florence, SC, there is also a new branch office at 1720 Mill Pond Road, Conway, SC. Information is always available online at www.ArborOne.com or by calling 800.741.7332.
 

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