About Us


Farm Credit Services of Mandan is a farmer-owned cooperative lender providing credit and financial management services to nearly 4,000 customers. We are part of the national Farm Credit System which has been serving agricultural producers since 1916 to provide a reliable and competitive source of credit through the sale of Farm Credit Bonds on the open money market. The Farm Credit System is federally chartered and regulated by the Farm Credit Administration. Today we are the leading provider of agricultural financing. For more information regarding Farm Credit Services of Mandan, check out our Business Profile.



Directors/CEOPositionCityTerm Ends
Aaron VetterCEOMandan
Michael J. SchaafChairmanGlen Ullin2024
Clair HaugeVice ChairmanCarson2023
Gary FriedtDirectorMott2024
James Vander VorstDirectorHague2022
Carson KoubaDirectorRegent2021
Dawn MartinDirectorBeulah2021
Cary MochDirectorBraddock2023
Allen RoshauDirectorDickinson2022
Michael SchneiderAppointed DirectorBismarck2021
Sheldon WolfAppointed DirectorMandan2023

The annual report is available on our website 75 days after the end of the calendar year and members are provided a copy of such report 90 days after the end of the year. Quarterly reports are available on our website 40 days after the end of each calendar quarter.


2020 Financial Reports

Quarter 1 Shareholder Report

Quarter 2 Shareholder Report

2019 Financial Reports

2019 Annual Report

2018 Financial Reports

2018 Annual report

2017 Financial Reports

2017 Annual report


  • Associations are owned by its customers
  • Governed by a board of directors 
  • Our staff and offices are connected to the local communities we serve
  • We are committed to agriculture, year-round and long term
  • Farm Credit has been a strong and stable provider for over 100 years

We share profits with our borrower-owners through Patronage Dividends:

  • 2019 Patronage total was $4.5 Million 
  • Checks are distributed to about 1,900 loan customers
  • 21 year total cash patronage distribution is $35.9 Million
  • Sharing in your association’s success is an important benefit of cooperative membership  

Latest News

Transition Planning Workshops – POSTPONED – October 7 & 8 in Elgin, Mott and Hazen

Due to the recent increase in Covid-19 cases, we are postponing our transition planning seminars in Elgin, Mott and Hazen on October 7th and 8th. We are sorry for any inconvenience and appreciate your understanding for the health and safety of our staff and customers in our rural communities. We are planning on rescheduling the “Keeping The Piece” workshops presented by the Freedom Financial...

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Farm Credit Services of Mandan Election Results

Stockholders of Farm Credit Services of Mandan, ACA have elected Gary Friedt of Mott and Michael Schaaf (Incumbent) of Glen Ullin to the Board of Directors at the conclusion of the recent election balloting. Both directors will serve four-year terms. Leonard Gerhardt, Flasher; Richard Bohl, Flasher; Lenci Sicker, Gladstone; and Tyler Kostelecky, Hettinger; were elected to the Nominating...

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