CHS Northwest (formerly Whatcom Farmers Co-op) has distributed to its stock holding members over $12.5 million of unallocated reserves. These equities, distributed last week as 40% cash and 60% stock, were part of the merger agreement with CHS Inc. Board President, Jeff Bedlington commented, “The board of directors is very glad that with the merger we are able to return over $12.5M of equity to our members. This is positive for our members and the communities we serve.”
All equities held by members of WFC have now been converted to CHS Inc. equity. Each member receiving an unallocated check will also receive a stock report from CHS listing all stock they now hold with CHS Inc. Don Eucker, CHS Northwest General Manager, stated, “We appreciate our members patience and continued support during our merger. The process of completing the final WFC audit and verification of all of our members’ equities took longer than expected.”
Additionally, $7.8 million of member equity held in WFC has been converted to CHS equity.
Members may apply for stock equity redemption at age 70 or through the member’s estate. The Stock Redemption Request forms are available at the CHS Northwest administrative offices located at 402 Main Street, Lynden, WA 98264. You may also call Darrin Wisbey, Credit Manager, at 360.306.3801 or email CHS Corporate Patron Equities at email@example.com for more information.
Since 1982, WFC, now CHS Northwest has provided the products, services and knowledge homeowners and farmers need through our retail and convenience stores, fueling stations, propane and fuel delivery and agronomy services. As CHS Northwest, we will continue this proud tradition.