CFC Board Approves Patronage Capital Distribution

The CFC Board of Directors has authorized the retirement of $60 million in patronage capital to member-owners—$48 million based on margins for fiscal year (FY) 2020 (50 percent of the total patronage capital allocation) and $12 million in unretired patronage capital from fiscal year 1995. 

The action marks the 41st year in a row CFC retired capital credits to its members. In all, more than $1.8 billion has been returned since 1980.

Members’ allocation totals for FY 2020 and retirement amounts for FY 2020 and FY 1995 were posted online on Monday, August 17. Depending on your system’s payout, distribution choices may include receiving a check or wire transfer or investing in CFC Commercial Paper, Daily Liquidity Fund or CFC Select Notes. When the CFC Member Website opens, log in and select “Portfolio Management” under the “Account Portfolio” tab at the top of the page. Then click on “Patronage Capital Information.”

Disbursement Deadline August 28, Certificates and Checks Mailed Beginning September 18

Members can select their disbursement method through Friday, August 28 (if you don’t make a selection, a check will be sent). Packets that include CFC patronage capital certificates and checks (if applicable) will be mailed beginning on September 18. Wire transfers and investments also will take place that day. 

Contact your CFC regional vice president or associate vice president with questions regarding your system’s fiscal years 2020 and 1995 patronage capital.