WHO WE ARE
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.
|Michael J. Schaaf||Chairman||Glen Ullin||2024|
|Clair Hauge||Vice Chairman||Carson||2023|
|James Vander Vorst||Director||Hague||2022|
|Michael Schneider||Appointed Director||Bismarck||2021|
|Sheldon Wolf||Appointed Director||Mandan||2023|
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
2019 Financial Reports
2018 Financial Reports
2017 Financial Reports
- 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
Farm Credit Services of Mandan (FCSM) and its eight branch offices are organizing a 5K run, trail hike or pasture walk challenge. “The goal is to support our local food banks by participating in a healthy rural activity,” said Aaron Vetter, CEO for Farm Credit Services of Mandan. A 100% of all entry fees will be donated to the area food bank of the registrant’s choice. “The 5K is being held...
Livestock Risk Protection (LRP) is designed to insure against declining market prices. Producers may select from a variety of coverage levels and periods of insurance that correspond with the time their market weight livestock would be sold. Producers can choose contract length (varying from 13 to 52 weeks), weight, coverage level, and number of livestock they want to insure. LRP is available...