#PartnershipPays – March 16, 2023
When our members are successful, we’re successful; and once again that partnership is realized through Patronage!
On March 16, GreenStone staff and members will celebrate together while handing out checks to members totaling $120 million! With a record $120 million in dividends being returned to members this March, there is a lot to celebrate!
Being a member-owned cooperative means our members benefit from our strong financial position. That’s why your board of directors elected to again increase your Patronage return this year from $115 million in 2022 to $120 million in 2023 – that’s remarkably over 40% of GreenStone’s 2022 net earnings and it’s all coming back directly to our loan customers, our members, in dividend checks on March 16.
This record-level Patronage is a direct result of the success of our members and your trust in GreenStone. This partnership reflects our commitment to do all we can to assist our members through unprecedented times, seasons of profit and cycles of challenges.
Each member will receive a notification letter in mid-February in which you’ll learn the amount of your check. With the letter will be a personal invitation to join us in the celebration at your local branch, where you’ll be able to pick up your check and enjoy the festive fun with your local staff.
As a financial cooperative, it is necessary for GreenStone to generate strong earnings and maintain adequate capital levels to help ensure we remain a dependable source of credit for years to come. In support of its members, the cooperative continues to build and grow for the future. Record Patronage, earnings, and capital, combined with strong loan growth in 2022 and solid customer satisfaction and employee engagement, are just a few key reasons our partnership with members will be prosperous long-term. Personal relationships and partnerships with our members are at the heart of our culture; it is what makes partnering pay in this very tangible way.
Patronage Day is an opportunity to celebrate the many benefits of your cooperative membership. Come join us in the branch for food, connection, and fun and collect your member reward.
#PartnershipPays
To view the article in the online 2023 Winter Partners Magazine, click here.
