UFA is on the Road to Better. Now your equity and patronage is too.

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Dear UFA Member,

At UFA we’re enhancing how we reward you for patronizing your co-operative. We are excited to share the changes with you that took effect on January 1st, 2018.

UFA shares annual profits with members. Under the old structure, 20 per cent of patronage was paid in cash and the rest became member share equity and revolving equity which eventually became investment share equity. As of January 1, 2018, in years when a patronage dividend is declared, 40 per cent will be paid in cash and 60 per cent will be issued as member share equity. Once you earn $30,000 in member share equity, 100 per cent of patronage dividends will be paid in cash. Your earned investment share equity will continue to earn you interest but no new investment share equity will be created.

Another benefit to the new program is that your revolving equity will convert to member share equity. If the conversion results in you having more than $30,000 in your member share account, UFA will issue you a cheque for the amount over $30,000 in January 2018. 

For further information on the new program we have included additional details and answers to frequently asked questions about patronage dividends and member equity (see below).

If you still have questions, please email us at customer.support@ufa.com or call the customer support team at 1-877-258-4500 and select option 1.

As your co-operative we are committed to your business and creating value for our members. UFA is On the Road to Better with an enhanced dividend equity structure that is easier to understand and provides you with greater value and cash back for patronizing your co-operative.

On behalf of everyone at UFA, we thank you for your patronage and continued support. We look forward to serving you in the future.

Sincerely,
Kevin Hoppins
Chair, UFA Board of Directors


UFA New Patronage Dividend Structure - Fact Sheet

What is a patronage dividend?
How will patronage be paid in the new program?
When is a patronage dividend paid?
Who can earn patronage from UFA?
What are investment shares?
What was revolving equity?
When can member shares be withdrawn?

Members can withdraw member share equity when they meet one of the following criteria:

  1. Moving out of UFA’s trading area;
  2. Reaching age 70;
  3. Winding down your corporation or individual operation;
  4. The farm or ranch corporate principals all reach the age of 70;
  5. Bankruptcy; or
  6. Upon death, the equity is then paid to the member’s estate.
Why is there a cap on member shares?
How do I request withdrawal of member/investment share equity?
Does UFA have online self-serve and inquiry options?