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GreenStone Returns $50 Million to Members
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On March 15, GreenStone’s official Patronage Day, eligible customers can visit their local branch to receive their share of this year’s $50 million payment. 



Benefiting Together: Staying true to its mission and values, GreenStone returns $50 million to members


As a member-owned cooperative, GreenStone is committed to sharing its success with its hardworking and dedicated members. On March 15, GreenStone’s official Patronage Day, eligible customers can visit their local branch to receive their share of this year’s $50 million payment. This year’s overall patronage distribution is over 50 percent more than last year’s amount, an increase members will realize in their individual payments. 

“Given the tough economic times many of our members are facing, we are pleased to be able to return this level of patronage at a time when it is truly needed,” says Dave Armstrong, GreenStone president and CEO.

Throughout 2017, GreenStone held firm to its mission of supporting rural America and agriculture, providing individual solutions and resources to its members to help them manage the challenges of the current agriculture economy. These efforts, coupled with internal efficiencies and strong overall financial performance of GreenStone and their funding bank, AgriBank, led to a strong financial position. 

“We believe that by staying true to our mission and core values, we can continue to support our member-owners with not only the products and services they need, but with additional resources generated by working together and sharing our success,” Armstrong. “That’s why we are returning nearly one-third of our net profits back to our members.”

A portion of GreenStone’s earnings this year is attributed to success of their funding bank, AgriBank. Like GreenStone, AgriBank is also a cooperative and returns patronage payments to its members. In 2017, AgriBank paid over $35 million back to GreenStone. This will represent a portion of the patronage paid to their 24,000 members on March 15.

“Just as our members share together in our success, we too share in the success of AgriBank, and can pass those earnings on through to our members,” Armstrong says. “Particularly in times like this in rural America, it is essential we provide the resources our members need while maintaining our financial strength and security so we can best support our members for generations to come.”​