Benefits of Lending with a Cooperative
When it comes to rural homes and recreational properties, Compeer Financial understands the ins and outs. Known for our expertise in rural lending and our ability to finance unique properties many traditional banks can’t, many buyers choose to work with us to fulfill their country lifestyle needs.
What buyers may not know is they don’t just benefit during the lending process. With Compeer being a cooperative, buyers can become member-owners.
It’s another way a relationship with Compeer benefits our clients.
What is a Cooperative?
The title may sound confusing, but at its core it means Compeer is partially owned by our clients. After closing on a loan, Compeer clients can become “member-owners” of Compeer’s cooperative.
We offer a lot of unique features to our member-owners. For instance, Compeer does much of its lending in-house. This type of lending allows buyers the option to adjust their interest rates without refinancing their loan, via a conversion.*
They can also go into any Compeer branch with questions and talk to a customer service representative about their loan.
Additionally, as a cooperative we invest in our members and share our success with our member-owners. One of the biggest ways we do this is through yearly patronage checks**.
Investing in Rural Communities
Member-owners don’t just get to enjoy of the cooperative’s unique benefits. They also get to play an active role in both the cooperative and the larger community.
A key element of most cooperatives is giving members a say in leadership decisions, and Compeer is no different. Member-owners can vote in our board elections because we believe every member-owner should have the opportunity to give us their opinion and share what they think we as a company should do.
We also encourage our member-owners to get involved in their communities through customer appreciation meals and other events we host. For us, the relationship we have with our clients doesn’t end after signing.
Outside of the cooperative, we also invest in the success of rural communities with our rural vitality initiative. Through the program, we dedicate 1% of our net earnings to our Fund for Rural America program, which supports 4-H programs, healthcare and senior living, rural businesses and more.
As part of the Compeer cooperative, members are investing in both their own futures and the futures of the communities they live and work in. Learn more about Compeer’s member-owner benefits today!
* Restrictions and fees apply. Please visit compeer.com/home for more information
** Patronage allocations, redemptions and payments remains at the discretion of the Board of Directors based on a combination of factors including the risk in our portfolio, earnings and current capital position.