JacksonPurchase.coop
Title
Mortgages, Agricultural, Equipment and Operating Loans
Description
Jackson Purchase ACA is part of the nationwide Farm Credit System, providing financing for agriculture and rural living since 1917. We serve western Kentucky with six branch offices conveniently located to serve you.
We have more than $134 million in loans outstanding to more than 1,200 members and we are controlled by a group of local directors who are also farmers.
Unlike commercial banks, our cooperative structure means that a portion of the profits generated from our lending activity is returned to our borrowers in the form of patronage refunds. These patronage refunds are based on the proportion of interest earned on an individual loan. This significantly reduces the cost of borrowing for our customers, and patronage refunds are split between a direct cash payment and an allocated surplus account in the member's name.
