GAIL STROCK Mifflin Co. Correspondent LEWISTOWN (Mifflin Co.) The Northeastern Farm Credit, ACA, celebrated its 751 h year in business by implementing a pat ronage refund program. President Robert T. Reich discussed the program with 42 stockholders, friends, and guests at their annual banquet meeting held recently at the Lewistown Holiday Inn, Mif flin County. In his business and manage ment report, Reich said Farm Cre dit’s goal is to meet the needs of its customers by building a strong capital base to withstand the vola tility of the economy and farming. According to the patronage refund policy, anyone who has paid interest into die cooperative will receive a 20% cash refund. The other 80% is held by Farm Credit in the customer’s name and will be redeemed in cash at a future date. Darrell Curtis, vice president of finance and administrative ser vices, said Farm Credit feels it is more advantageous to the mem bership to return a large portion back to the members of the associ ation - back to the members who own the cooperative. VOtUMAXX GIVES YOU A CHOKE OF The new advance design distributor. Or, choose the Volumaxx unloader gives Jamesway Powermaxx™ you the best of both worlds... broad pan silage distributor, your choice of distribution. With proper distribution, New W-LZFTlegs let you raise you 11 have better quality the unloader an extra feed, and youll 15" into the silo roof, I increase your silo’s so you can use a I capacity up to 35%. conventional side I ) I And we can prove it! Volumaxx™ unloader. Expect the best from the leader. See These Dealers For Details Now... BRB ftHENRT equipment me. New Berllnvllle, PA 19545 215-367-2169 STAR SILOS LAPP S BARN EQUIPMENT Myaratown. PA 17067 SALES ft SERVICE 717-886-8708 Gap, PA 17527 717-442-8134 DONALD R. NIBSLET Willow Stroot, PA 17584 717-786-7654 SOLLENBEROER SILOS CORP. Chambereburg, PA 17201 717-264-9588 Northeastern Farm Credit Celebrates 75th Year “It’s a valuable tool for the association to help it to continue to maintain a capital base for longer stability,” Curtis said. The Board of Directors and Management plans to continue to look at prog rams that would be of service to its members. At the meeting, Master of Cere monies Harold Holt, director of Northeastern Farm Credit, called for the 1992 nominating commit tee report. The committee recom mended that two nominees run as opponents for each vacant director office and nine nominees to be selected for the 1993 nominating committee. Carl Reed nominating commit tee chairman gave each director nominee present an opportunity for remarks. The stockholder elec tion process will be by mail ballot with announced to stock holders by October 28, 1992. Reich also touched on the Farm Credit system since its inception in 1916 and the enormous changes which have occurred. Reich complimented dedicated, loyal and committed employees who serve Farm Credit customers and Farm Credit’s dedication to training employees to provide quality customer service. HARRT TROOP Cochranvllla, PA 19335 215-593-6731 JAMBS L. HOSTBTTER McVaytown, PA 17051 717-899-6386 SOMERSET BARN EQUIPMENT Someraat, PA 15501 Sl4-445-5555 Farm Credit, the largest agricul tural lender in the United States, received the highest level of rating by Federal and Bank examiners. Reich outlined legislative issues that could affect Farm Cre dit including: - The Ag Credit Improvement Act. - The ACA Credit Association Tax Relief Bill. - Rural Home Ownership Act, and - Government sponsored enter prises legislation. Finance Director Curtis gave a 1992 financial overview which covered loan growth, cost con trols, and services offered by Farm Credit. Operative costs are con trolled by offering a centralized payment system, by constantly scrutinizing employee benefit plans, and by utilizing some employees on a part time basis. Northeastern Farm Credit finan cial management services include payroll tax forms, farm business records, and income tax records. To commemorate Farm Cre dit’s 75th Anniversary, Bobby R. Jones, Executive Vice President of Northeastern Farm Credit pre sented a slide show. Farm Credit began when President Roosevelt YOUJUST CAN'T MATCH OUR MIX MM*, .JKHfcV'' TMR Ruffage Master These new Oswalt 4 four auger Model 200/250 mixers are designed to process and mix ail feeds, including baled hay, into a fully-blended TMR...better than anyone! 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Frederick, MD 21701 301-663-6552 GEORGE COLEMAN Elmer, NJ 08318 600-358-8528 Lancaster Farming, Saturday, Saptembar 26, 1992-A27 The meeting concluded when door prizes were distributed by Dent Hawthorne, Mike Goss, and Linda Marks of the Lewistown Farm Credit Branch.
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