July 30, 2015

Northwest FCS News


Spokane, Washington - July 31, 2015 - Northwest Farm Credit Services, the Northwest’s largest agricultural lending cooperative, announced earnings for the six months ended June 30, 2015 of $119.2 million, an increase of $1.7 million or 1.4 percent compared to the same period of the prior year. Increased earnings were driven primarily by growth in the association’s loan portfolio.

“We’re pleased with the continued steady growth and financial performance of our cooperative,” said President and CEO Phil DiPofi. “This is a reflection of the continued growth and success of the Northwest agricultural, forestry and fisheries industries.”

For more information about current market conditions, see Northwest FCS Industry Insights.

Northwest FCS is a customer-owned financial cooperative providing financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in Montana, Idaho, Oregon, Washington and Alaska. Northwest FCS provides approximately $13 billion in loans and is a member of the Farm Credit System, a nationwide network of borrower-owned lending institutions that provide approximately $216 billion in loans to rural America.

Jennifer Rohrer
509-340-5303 or Jennifer.Rohrer@northwestfcs.com