Fall is arriving and many of you are completing harvest season. As we enter the last quarter of the year, we reflect on our progress thus far and begin to plan for next year.
The association’s financial performance has been in line with our projections and we are anticipating another good year in 2017. We continue to see growth in our loan volume and number of members. In June, we closed a loan to our 10,000th member. At the end of July, we surpassed $1.5 billion in net accruing loan volume. We are excited about achieving both of these milestones as we prepare and plan for our future. We are also thankful for a dedicated staff that works hard every day to achieve these results and to help you be successful in your operation.
Fall also brings about election of your Carolina Farm Credit directors. You should have received your 2017 Annual Meeting Information Statement in August and ballots are being mailed in mid September. This year there are six seats up for election. Tony L. Ragan of Lee County is retiring from the board after 30 years of service to the association. His wisdom and direction over the years has helped our association to be a reliable source of credit and support for agriculture and rural North Carolina. We are very grateful to Mr. Ragan for his dedication to our association and will miss his leadership on our board of directors. Take time to complete the ballot and return by mail. Having a stockholder elected board of directors is a vital part of being a cooperative. This is your opportunity to have a say in how your cooperative is governed. Polls close on October 5th.
It was our good fortune to have four great college interns that worked in various branches throughout the summer. Grayson Dearman, a rising senior at NC State University worked in our Statesville branch. Elizabeth Fritze, a rising senior at Virginia Tech worked in our Sparta branch. McKayla Gross, a rising senior at NC State University worked in our Carthage branch and Arneisha Smallwood, who is working in the Master’s program at NC A&T State University worked in our Browns Summit branch. In addition to working and learning about Farm Credit, they worked on a project to improve our outreach to younger farmers. These four individuals have bright futures ahead of them and we are grateful for our time with them this summer. Thank you for allowing us to be your lender and provider of financial services. It’s a pleasure to support agriculture and the people in this industry!
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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