Partnership Pays

 

It’s Not Luck…It’s Partnership!

17 years of returning a total of $720 million in dividends back to our members, and this year, members got their share of the pot of gold from GreenStone on St. Patrick’s Day – March 17th!

Patronage Day is an opportunity to celebrate the many benefits of our cooperative membership. Being a member-owned cooperative means our members benefit from our strong financial position. That’s why the board of directors elected to again increase the patronage return this year from $105 million in 2021 to $115 million in 2022 – that’s nearly 45% of GreenStone’s net earnings and it’s all coming back directly to our loan customers, our members, in dividend checks on March 17.

Patronage Q & A with GreenStone COE Dave Armstrong

Listen as Dave Armstrong, GreenStone president and CEO, answers the most common questions customers ask about the Patronage program.

Dave Armstrong President and CEO of GreenStone

GreenStone Staff are Excited to Celebrate you!

We asked our staff at GreenStone what they had to say about the big day - Patronage Day!
Here's what they want to share with you!

2022 GreenStone Staff Patronage Video

Patronage Check Impact.

With over 600 GreenStone member responses to the question "How will this Patronage check benefit you?" here are just a few of the amazing answers!

Patronage 2022 Member Video

Member Grown Outreach

In addition to the dividend return to members, GreenStone also shows appreciation through GreenStone’s Member Grown Outreach program, with a total of $20,000 in donations given to local organizations and charities. To connect our members to our effort to strengthen our support of the local communities, money is directed to groups based on member votes at their local branch.

From Patronage Day, March 17, through March 31, members were able to vote online or in their local branches for one of three categories that best represents the cause they would like to see GreenStone support.

  • Health and Wellness (hospitals, mobile health screenings, cancer prevention, etc.)
  • Local Disaster Relief (ice storms, tornadoes, flooding, etc.)
  • Sustainability and the Environment (conservation, etc.)


The results are in … and the choice is local disaster relief! Our branches are working together to select eight organizations – an organization local to each of GreenStone’s regions – to receive a donation of $2,500, their portion of the $20,000.

Stay tuned - the organizations will be announced soon.

 

Dave Armstrong speaks about Patronage Day on a recent episode of Throwing Wrenches Mending Fences Podcast.  Listen now.