Legacy Ag Credit, real estate and agricultural loans in North Texas

Patronage Program

What is a Cooperative?

FCA Regulations defines a cooperative as "any association of farmers, ranchers, producers or harvesters of aquatic products, or any federation of such associations, or a combination of such associations and farmers, ranchers, or producers or harvesters of aquatic products that conducts business for the mutual benefit of its members."

As a cooperative, Legacy Ag Credit, ACA has adopted the cooperative
business principle of refunding a portion of our annual earnings back to
our stockholders in the form of patronage payments.

At the end of each fiscal year, the board of directors assesses the financial
strength and success of the association. The patronage amount paid to
borrowers is based on their average outstanding balance during the
patronage year.