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The Cooperative Advantage
As an agricultural credit cooperative, Farm Credit of Central Florida is owned by the member-borrowers who purchase stock/participation certificates in the cooperative. After each fiscal year, our Board of Directors may choose to retain the net income of the Association to strengthen our capital position or distribute some or all of the net income to members by declaring a dividend on stock or a patronage refund.
The distribution of profits to our members effectively reduces the cost of borrowing money. Our members own the bank, so it just makes sense that they will share in the profits. To learn more about Patronage Refunds, read our Frequently Asked Questions.
Patronage Distribution History
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Fiscal Year Ending |
Total Patronage Distribution |
Percent of Interest Earned* |
Total Paid in Cash |
Percent Paid in Cash |
Total to Surplus Allocated |
Date Surplus Paid |
| PCA Only |
12/31/88 |
553,599 |
19.37% |
110,720 |
20% |
442,879 |
12/93 |
| PCA Only |
12/31/89 |
1,915,813 |
37.18% |
574,744 |
30% |
1,341,069 |
11/94 |
| PCA Only |
6/30/90 |
927,167 |
37.18% |
278,150 |
30% |
649,017 |
11/95 |
| PCA Only |
12/31/90 |
696,621 |
25.74% |
208,986 |
30% |
487,635 |
11/95 |
| PCA Only |
3/31/91 |
178,125 |
14.02% |
35,625 |
20% |
142,500 |
10/96 |
| ACA (9 mo.) |
12/31/91 |
2,908,579 |
15.05% |
872,574 |
30% |
2,036,005 |
10/96 |
| ACA |
12/31/92 |
5,539,320 |
32.20% |
1,661,796 |
30% |
3,877,524 |
11/97 |
| ACA |
12/31/93 |
6,123,997 |
40.03% |
2,449,599 |
40% |
3,674,398 |
2/99 |
| ACA |
12/31/94 |
9,141,804 |
46.25% |
3,656,722 |
40% |
5,485,082 |
2/00 |
| ACA |
12/31/95 |
9,530,273 |
50.38% |
3,812,109 |
40% |
5,718,164 |
2/01 |
| ACA |
12/31/96 |
7,768,809 |
38.69% |
3,107,524 |
40% |
4,661,285 |
07/02 |
| ACA |
12/31/97 |
7,126,677 |
31% |
2,850,671 |
40% |
4,276,006 |
07/03 |
| ACA |
12/31/98 |
7,806,169 |
33.59% |
3,122,468 |
40% |
4,683,701 |
07/04 |
| ACA |
12/31/99 |
7,525,940 |
33.46% |
3,010,376 |
40% |
4,515,564 |
07/05 |
| ACA |
12/31/00 |
8,326,093 |
34% |
3,330,437 |
40% |
4,995,656 |
07/06 |
| ACA |
12/31/01 |
7,254,363 |
31.59% |
2,896,844 |
40% |
4,357,519 |
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| ACA |
12/31/02 |
7,609,501 |
40.54% |
3,040,088 |
40% |
4,569,413 |
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| ACA |
12/31/03 |
6,910,293 |
39.87% |
2,418,608 |
35% |
4,491,685 |
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| ACA** |
12/31/04 |
6,174,923 |
33.13% |
2,639,909** |
35% |
3,535,014 |
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| ACA |
12/31/05 |
8,117,881 |
34.96% |
3,036,438 |
35% |
5,081,443 |
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| ACA |
12/31/06 |
10,474,307 |
32.04% |
4,178,007 |
40% |
6,296,300 |
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| ACA |
12/31/07 |
11,377,889 |
28.97% |
4,541,799 |
40% |
6,836,090 |
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| ACA |
12/31/08 |
5,253,191 |
12.75% |
2,095,554 |
40% |
3,157,637 |
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Totals |
139,241,334 |
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53,929,746 |
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85,311,587 |
51,344,005 |
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