news September 18, 2023

CFC Delivers $72 Million in Patronage Capital

CFC recently retired and distributed $72 million to members, representing half of the fiscal year (FY) 2023 patronage capital allocation, $55 million, along with $17 million in unretired patronage capital from FY 1998.

This marks the 44th year in a row CFC has returned capital credits. In all, CFC has returned more than $2 billion to its member-owners since 1980. The 894 systems receiving distributions had the option of receiving an ACH payment, mailed check, wire transfer or putting the money into a CFC investment product. Members contributed $985,452 to the Cooperative System Integrity Fund, a nearly 20% increase from the previous year.