United Cooperative celebrated October Co-op Month by mailing stock-revolvement checks, that when added to the age 77 retirement requests and estate settlements already paid in 2015, brings the total stock revolvement year to date in 2015 to nearly $10 million.
“In October, United Cooperative mailed approximately 16,000 stock-revolvement checks to patron members, totaling nearly $9.2 million, which helps boost local economies,”said David Cramer, United Cooperative president and chief executive officer. “The continued stock revolvements are a result of people working together for the benefit of all.
“We are also very pleased that, once again, our passion for agriculture and our drive to be a financially-successful cooperative for our patron members was recently recognized by the United States Department of Agriculture (USDA),” added Cramer. United Cooperative is once again number 57 on the Top 100 Largest Agricultural Cooperatives in the United States in 2014.
According to the USDA, “Net income increased 16.5 percent while revenue rose 0.4 percent from 2013. Co-ops set records for income and revenue in 2014 for the fourth year in a row.”
In the area, United Cooperative has locations in Hillsboro, Kendall, Ontario, Wilton and Wonewoc.