Central Texas Farm Credit, ACA held its Annual Stockholders Meeting in Coleman on April 24th. A barbeque dinner was served and members were brought up to date on the Association’s 2011 financial performance which was highlighted by record net income of over $10 million and a patronage refund of $4.5 million also a record.
Candidates for two open positions on the Board of Directors were introduced to the members present and CEO Jimmy Chambers told the audience that ballots for the Director election would be mailed out on or about May 1st.
Former director Cody Richmond from Blanket was recognized for his seven years of service on the Board and retiring Board Chairman, Brent Heinze of Miles was recognized for his 6 years of service to the Association. A drawing for several cash prizes was held with the grand prize of $500 going to Tuesdie Richmond. Other winners were Ernie Yates, Jim Myers, Jack Gray, Raymond Cupps, and Clara Miller.
Subsequent to the Stockholders Meeting, the Association reported that the winners of the director election were Kenneth Harvick of Comanche and Phillip Hinds of Coleman. The entire Board is made up of Harvick and Hinds together with A. Wayland Shurley from Stamford, Jerry Don Klose from Haskell, Robby Halfmann from Ballinger, Mickey Dillard from Millersview, Mike Finlay from Lohn and Glenn Miller from Brady.
Central Texas Farm Credit, ACA, better known as the “Land Bank”, is a lending institution specializing in agricultural loans for real estate, livestock, equipment and operating expenses. They have branch offices in Coleman, Brownwood, Comanche, Haskell, San Angelo, and Brady with 24 employees to serve approximately 1,600 customers in 20 counties in West and Central Texas.