As an agricultural credit cooperative, Central Kentucky Ag Credit is owned by the member-borrowers who purchase stock/participation certificates in the cooperative. At the end of each fiscal year, our board of directors may choose to either retain the Association’s net income to strengthen its capital position or distribute some or all of the net income to members by declaring a dividend on stock or a patronage refund. When we distribute our profits to our members, it reduces their effective cost of borrowing. And it proves there are distinct financial benefits in doing business on a cooperative basis. If you have any questions about patronage refunds, your loan, or other business you might do with Ag Credit, please give your loan officer a call. We appreciate your support and look forward to serving you in the future.