CFC Board Approves $47M Pat Cap Distribution

The CFC Board of Directors has authorized the retirement of nearly $47 million in patronage capital to members—$30 million based on margins for fiscal year (FY) 2024 (50% of the total patronage capital allocation) and $17 million in unretired patronage capital from FY99. 

Members can visit the CFC Member Website through August 30 to choose their selected payout method. 

The action marks the 45th year in a row CFC will retire capital credits to its members. In all, more than $2 billion has been returned since 1980.

Deadline to Select Disbursement Method Is August 30

Members can now view their allocation totals for FY24 and retirement amounts for FY24 and FY99 on the Member Website. Depending on your system’s payout, distribution choices may include check, ACH payment or investing in CFC products, including CFC Commercial Paper, Daily Liquidity Fund, CFC Select Notes, Medium-Term Notes and Member Capital Securities. 

The deadline to select a disbursement method is Friday, August 30 (if you don’t make a selection, a check or ACH payment will be sent). 

Payments Will Be Sent September 13

Payments will be transferred electronically or mailed September 13. Only those members getting checks will receive something in the mail. Electronic transfers and investments will also take place that day. 

Patronage Capital Certificates will be available for printing from the CFC Member Website beginning September 13. You can find them along with your patronage capital summary and retirement history in the Document Center under the Statements folder. 

Contact your CFC regional vice president or associate vice president with questions regarding your system’s FY24 and FY99 patronage capital.