About Us
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 Buiness Profile .
LEADERSHIP
| Directors/CEO | Position | City | Term Ends |
|---|---|---|---|
| Aaron Vetter | CEO | Mandan | |
| Michael J. Schaaf | Chairman | Glen Ullin | 2020 |
| Clair Hauge | Vice Chairman | Carson | 2023 |
| Becky Hansen | Director | Bowman | 2020 |
| James Vander Vorst | Director | Hague | 2022 |
| Carson Kouba | Director | Regent | 2021 |
| Dawn Martin | Director | Beulah | 2021 |
| Cary Moch | Director | Braddock | 2023 |
| Allen Roshau | Director | Dickinson | 2022 |
| Michael Schneider | Appointed Director | Bismarck | 2021 |
| Sheldon Wolf | Appointed Director | Mandan | 2023 |
FINANCIALS
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.
2019 Financial Reports
2018 Financial Reports
2017 Financial Reports
2016 Financial Reports
COOPERATIVE BENEFITS
- 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:
- 2018 Patronage total was $2.4 Million
- Checks are distributed to about 1,900 loan customers
- 20 year total cash patronage distribution is $31.4 Million
- Sharing in your association’s success is an important benefit of cooperative membership
Latest News
Richardton and Linton Receive Vital Grain Bin Rescue Units and Training
The Rural Fire Departments in Richardton and Linton recently received life-saving grain bin rescue equipment and training through a donation from Farm Credit Services of Mandan. Farm Credit Services donated a 10-panel system manufactured by Minnesota-based Outstate...
Farm Credit Celebrates Reaching $4 Million and Over 250 Grants Awarded to Support Western North Dakota Communities
Non-profits discuss the impact grants have made in area communities With its latest contributions, Farm Credit has awarded more than 250 grants totaling more than $4 million in western North Dakota communities since 2012. In Minot, the leaders of three Farm Credit...
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