Compeer Financial announced the return of $150 million in patronage payments to eligible member-owners this August. This marks a significant milestone as the cooperative celebrates reaching $1 billion in patronage returns since its formation in 2017.  

“This remarkable achievement of reaching $1 billion in patronage returns reflects our unwavering dedication to sharing Compeer’s success with our valued member-owners,” said Jase Wagner, president and CEO of Compeer Financial. “Through our patronage program, we directly reinvest a substantial portion of our earnings back into our member-owners’ farms and businesses, empowering them to thrive. Seeing our member-owners benefit from this strong cooperative partnership is truly rewarding.”

This marks the second of two patronage payments made to member-owners in 2023 by Compeer Financial. The August cash patronage payment is for business member-owners had with Compeer Financial in 2022. Approximately 31,000 checks were sent to farmers, rural homeowners and others with ag-related business in Illinois, Minnesota and Wisconsin. The total $202 million in returns this year represents around 48 percent of Compeer Financial’s 2022 adjusted earnings.