COVID-19  update - We're here to help.  Click here to learn more.

In the middle of the first quarter of 2020, unprecedented federal and state level restrictions were placed on the public at large as well as retail and manufacturing sectors of the economy in order to mitigate the threat stemming from the novel corona virus (COVID-19) as it spread from China, across parts of Europe and Asia to the U.S. The resulting shrinkage of the global economy has inserted massive uncertainty into the local marketplace...

The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application, and detailed instructions for the application. In an effort to get you information in a timely manner Yankee is highlighting the following four key areas...
 

The Association distributed over $6.8 million in patronage refunds to members during the quarter. Yankee’s overall level of capital remains strong. The Association, like many businesses, has been impacted by the COVID-19 pandemic and we encourage users to read our first quarter shareholder reports...

The focus of our business will remain providing you with consistent access to the credit you need while also supporting you with business services including consulting, tax preparation, payroll, recordkeeping, crop insurance and appraisal.Our cooperative is working for you, our members, during this unprecedented time.  

Williston, Vermont (March 26, 2020) Yankee Farm Credit today distributed $6.8 million to its members who borrowed from the cooperative. This distribution represents approximately 52% of Yankee’s 2019 net income of $13.2 million.

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