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Though many financial institutions across the nation have locked down lending in the wake of recent recessionary times, Farm Credit Services of Mid-America said at a recent local event it has filled the credit gap for its rural customers.
This Louisville-based cooperative, which has an office in Shelbyville on Mount Eden Road, played host to about 400 clients and family members Monday evening during its annual Customer Appreciation Event held at Claudia Sanders Dinner House.
President and chief executive officer Donnie Winters told patrons that the proudest moments of his 40-year career with FCSMA have come in the past two years. He will retire this fall after beginning his career in Shelbyville in 1972.
“All of you that have read the paper and have followed the financial crisis of 2008 know that a lot of businessmen and others have had trouble getting financing,” he said. “Fortunately, because of Farm Credit, that’s not been true of farms.
“We have been able to offer rates – very attractive rates – and all of the money that any of our customers have needed during this time.”
FCSMA, which has 92 offices and more than 850 employees serving 85,500 customers in Kentucky, Indiana, Ohio and Tennessee, carries $16 billion in owned and managed loan assets, according its Web site.
Included in that total is $160 million in loan volume managed out of the Shelbyville office for about 1,300 customers, said Sharon Lott, financial services officer for the local branch. The Shelbyville office services seven other counties other than Shelby, including rural customers in Anderson, Franklin, Henry, Jefferson, Oldham, Spencer and Trimble counties.
Guests dined on a buffet offered at Claudia Sanders and heard a presentation from Bowling Green-based financial advisor and author Tony Walker, who was the guest speaker.
Walker, who has written such financial planning books as WorryFree Retirement, is a regular guest on Monday morning news shows of WAVE-TV in Louisville.