CFC Board Approves $59 Million Patronage Capital Distribution

The CFC Board of Directors has authorized the retirement of $59 million in patronage capital to member-owners—$44.3 million based on margins for fiscal year (FY) 2022 (50 percent of the total patronage capital allocation) and $14.7 million in unretired patronage capital from fiscal year 1997. 

The action marks the 43rd year in a row CFC retired capital credits to its members. In all, nearly $2 billion has been returned since 1980.

Allocation Totals Now Available on the CFC Member Website

Members’ allocation totals for FY 2022 and retirement amounts for FY 2022 and FY 1997 were posted online Monday, August 15. Depending on your system’s payout, distribution choices may include electronic transfer, wire transfer or investing in CFC Commercial Paper, Daily Liquidity Fund or CFC Select Notes. Members receiving more than $25,000 can also call the Member Center and invest in Member Capital Securities, CFC’s 30-year note that now pays 5.5 percent interest semiannually.

Patronage Capital Certificates will be available for printing from the CFC Member Website beginning September 16. You can find them along with your detailed patronage capital allocation and retirement history under the Account Portfolio tab at the top right of the CFC Member Website. Select Portfolio Management from the drop-down menu and then click to go to the Patronage Capital page. 

Deadline to Select Disbursement Method is August 26

Members can select their disbursement method through Friday, August 26 (if you don’t make a selection, a check will be sent). Payments will be transferred electronically or mailed on September 16. Only those members getting checks will receive something in the mail. Electronic transfers, wire transfers and investments also will take place that day. 

Contact your CFC regional vice president or associate vice president with questions regarding your system’s fiscal years 2022 and 1997 patronage capital.