FAYETTEVILLE — Cape Fear Farm Credit recently announced a $15 million cash patronage to be distributed back to their customer-owners.
The association has paid more than $240 million in patronage to its customer-owners during the past 30 years.
A patronage refund is a way of distributing the association’s profits to its customer-owners. This year’s $15 million patronage is the largest dollar amount patronage distribution in a 30-year history, which will effectively reduce the average interest rate paid by borrowers by 1.82 percent.
To locate a branch, visit www.capefearfarmcredit.com or call 1-800-368-5819.
