Patronage Program

Experience the Benefits of Ownership

Because GreenStone is a cooperative, owned by the members it serves, we give back a portion of our annual earnings each year to our member-owners in the form of patronage. This patronage program makes your cooperative unique in the financial services industry — a financial institution who is truly competitive in up-front interest rates, and gives back a portion of its earnings to customers.

It's Not Luck...It's Partnership

Personal relationships and partnerships with our members are at the heart of what GreenStone is all about; it is what makes partnering pay in this very tangible way. We were excited to once again celebrate with customers in the branch, and welcomed them to join us on March 17th when they collected their portion of the 115 million dollar pot of gold.


  • How is my patronage calculated?
    Your patronage payment is based on the net interest income earned on your loan by GreenStone in relation to the overall total patronage paid each year. Therefore, the more business you do with your cooperative, the larger your potential return.
  • How much could I receive? 

    GreenStone’s Board of Directors approves the amount of distribution to be returned to customers each year. In recent years, customers, on average, have received anywhere from .75 percent to 1.25 percent of their average loan balance in a cash payment.

    For example, if you are paying an annual percentage rate of 4.5 percent on your loan, you could receive a patronage payment that would reduce your net borrowing costs to 3.25 percent. This average could change on an annual basis, based on the financial performance of the cooperative and the final determination of the Board of Directors as to the distribution amount. Though the intent is for an annual payment, there is always the possibility of no patronage being paid.

  • When will I receive my payment?
    Cash patronage payments will be distributed during the first quarter of the year, based on earnings from the prior year. It’s important for you to realize any cash payment received through the patronage program is considered taxable earnings, and will be reported each year by GreenStone to the IRS. Each January following a year that patronage payments are distributed, GreenStone will send IRS 1099-PATR forms to customers.
  • Who is eligible?
    Customers eligible to receive the patronage payment include anyone holding stock or participation certificates with GreenStone. Loan participations purchased by GreenStone and any leasing transactions will typically not be included in the patronage program.