SULPHUR SPRINGS, Texas — Legacy Ag Credit, a trusted agricultural financing cooperative in northeast Texas, is excited to announce that it will be distributing $3,050,000 in cash patronage to its customer-owners based on the cooperative’s earnings for 2024. Checks will be mailed to borrowers on March 13th.
As a cooperative, Legacy Ag Credit operates with the goal of benefiting its member-borrowers, who are also co-owners. The cooperative returns a portion of the interest paid by borrowers on their loans, effectively reducing their interest rates for the previous year. Patronage payments are a unique perk of agricultural lending, providing financial rewards directly tied to the performance of the cooperative.
Since its founding, Legacy Ag Credit has consistently returned millions in cash patronage to its members, reinforcing the value of cooperative lending and supporting the agricultural community in northeast Texas.
About Legacy Ag Credit
Legacy Ag Credit finances rural land, agricultural production, country homes, and agribusinesses in Franklin, Gregg, Harrison, Hopkins, Kaufman, Marion, Rains, Upshur, Van Zandt, and Wood counties. With a headquarters in Sulphur Springs and lending offices in Canton, Gilmer, Terrell, Longview, Marshall, and Sulphur Springs, Legacy Ag Credit is proud to be a vital part of the local agricultural economy.
As part of the Farm Credit System, Legacy Ag Credit has been providing reliable and competitive financial services to rural communities for over 100 years.
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Part of the Farm Credit System
Equal Housing Lender