Carolina Farm Credit had another very successful year in 2016. While our annual report will be published next month that will provide the details, I am pleased to report that our final net earnings exceeded $31.8 million. This will allow us to return a significant portion of our earnings to you in the form of a patronage refund. We thank you for utilizing our products and services to meet your financial needs, which in turn allows our cooperative to be profitable and positioned to serve our membership into the future.
Winston Churchill once said, “To improve is to change; to be perfect is to change often.” We experienced more change in 2016 as we sought to improve efficiencies and provide a better customer experience for our borrowers. One change you may notice is our new logo. We haven’t changed our name – we’re still Carolina Farm Credit, but it was time to change our logo to bring a better brand awareness.
We also fully completed the consolidations of the Mocksville, Hillsborough and Wadesboro branch offices into surrounding branches. We are closing in on contracts for the real estate to build a new branch in Yadkinville with a goal to have a new building completed by the end of 2017. These consolidations were made with no reduction in employees, but some were relocated to work in different roles of the company. We opened an outpost in Franklin that currently houses a Home Loan Originator and provides office space for our loan officer in Murphy to meet with customers. All of these changes will enable us to operate in an efficient manner and enhance the level of service provided to you. They also position us for growth into the future.
Thank you for allowing Carolina Farm Credit to serve you and best wishes for a successful 2017.
CEO of Carolina Farm Credit
To read more about Carolina Farm Credit, our members and the ag industry, check out issues of our Leader magazine—you can read them online.
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