Posts Tagged ‘cooperative’

PSC sticks to order allowing domestic violence victims to delay utility deposits

JACKSON — The Mississippi Public Service Commission won’t reconsider its order to let victims of domestic violence delay paying utility deposits for 60 days, setting up a possible legal showdown over the regulator’s authority over rural water association and electrical cooperatives. The commission voted 3-0 yesterday to deny a request from rural water associations and […] [...]

4-County Electric gets smart grid product from ACS

COLUMBUS — 4-County Electric Power has reached an agreement with Association Advanced Control Systems (ACS), a global provider of smart grid solutions, to install ACS’ PRISM SCADA system to better serve the cooperative’s 46,000 members in eastern Mississippi. “We selected ACS based upon their longevity, stability and their successful history of serving electrical cooperatives with […] [...]

Farmer-owned coop pays patronage for 19th year in a row

RIDGELAND — First South Farm Credit member-borrowers will receive approximately $13 million in patronage refund checks in April. Patronage, which is a form of dividend payment, is based on the association’s year-end earnings. Shep Morris, chairman of the First South board of directors, said, “This is the 19th consecutive year we’ve paid a patronage refund. […] [...]

Southern AgCredit sets another patronage payment record

RIDGELAND — Southern AgCredit, a rural lending cooperative, recently returned a record level of net earnings to its customer-owners in Mississippi and Louisiana. This marks the 18th consecutive year of the co-op’s patronage program. Southern AgCredit customers received a check for their portion of the $7.2 million cash patronage, plus a statement detailing their share […] [...]

Wholesale bank reports record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

Bank cooperative sees record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 […] [...]

CHS issues $433M in cash distributions to members

ACROSS MISSISSIPPI — Farmers, ranchers and cooperatives across the United States will share in an estimated $433 million cash distribution from CHS Inc., a St. Paul, Minn.-based energy, grains and foods company and agricultural co-op. The distribution is the second largest in CHS history. The 2014 cash return to owners is based on CHS net […] [...]

SMEPA goes with regional transmission organization

HATTIESBURG — MISO, the regional electricity transmission organization, has expanded to include eight additional entities in three of its four Southern states. Combined with operations for MISO’s Midwest region, MISO now manages the flow of energy along 65,280 miles of the interconnected bulk electric system fromManitoba, Canada to the Gulf of Mexico. In addition to providing reliability […] [...]

USDA awards loans, grants to three power associations

AROUND MISSISSIPPI — Loans and grant funds will be provided to applicants in 11 states to support businesses, improve the quality of medical care, and create or save hundreds of jobs through the U.S. Department of Agriculture’s Rural Economic Development Loan and Grant program. Three electric power associations in Mississippi are receiving loans and/or grants. […] [...]

Bank cooperative sees huge jump in net income

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments