Farm Credit Illinois is becoming an owner of the Farm Credit Financial Partners, Inc., (FPI) technology organization based in Agawam, Mass. and Spokane, Wash. The other owners of FPI include AgCountry Farm Credit Services (serving parts of North Dakota, Minnesota, and Wisconsin), Farm Credit East (serving most of New York and New England), Farm Credit West (serving parts of California and Arizona), and Northwest Farm Credit Services (serving Washington, Oregon, Montana, Alaska, and part of Idaho).
The $10 million capital investment by FCI provides the opportunity to collaborate with four of the 10 largest Associations in owning the premier technology and financial services platform in the Farm Credit System. For more than 20 years, FPI has developed innovative Farm Credit solutions with a proven track record as a successful technology leader in the System. [Read more…]