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GreenStone Farm Credit Services
GreenStone Farm Credit Services, based in East Lansing, Michigan, is Michigan and northeast Wisconsin’s largest agricultural lender and the country’s seventh...
GreenStone Farm Credit Services
GreenStone Farm Credit Services, based in East Lansing, Michigan, is Michigan and northeast Wisconsin’s largest agricultural lender and the country’s seventh largest association in the Farm Credit System. A member-owned cooperative, GreenStone owns and manages over $16 billion in assets and serves 29,000 members with locations in Michigan and northeast Wisconsin. GreenStone provides financial services to the agricultural industry - including short, intermediate and long-term loans, equipment and building leases, life insurance, crop insurance, accounting, tax, and appraisal services. GreenStone also specializes in residential and country home loans, and provides lending products for the purchase, improvement, construction or refinance of residences along with financing future home sites and recreational land.
General information
Firm type
Bank / Wealth / Trust
Year founded
1917
Location
Region
North America
Country
United States
City
East Lansing
Corporate office
East Lansing, MI, United States
Principals
Travis Jones
President and CEO
Sector focus
Frequently asked questions
Is GreenStone a bank?
No. GreenStone is a member-owned cooperative and a direct lending institution within the federally chartered Farm Credit System. It does not take deposits. Instead, it funds loans by selling system-wide bonds through AgFirst Farm Credit Bank into institutional debt markets. Borrowing members are also voting shareholders who elect the board.
How does GreenStone source its capital?
GreenStone obtains its lendable capital through the Farm Credit System's funding arm, AgFirst Farm Credit Bank, which consolidates assets from regional cooperatives and issues highly rated bonds to institutional investors. This gives GreenStone stable pricing independent of local deposit bases.
What types of loans does GreenStone specialize in?
The cooperative focuses on three major categories: farm real estate mortgages, agricultural operating loans, and rural residential financing. Its territory covers dairy, row crops, fruit orchards, and timber — so underwriting expertise spans seasonal lines of credit, long-term land acquisitions, and equipment leasing.
Where does GreenStone operate geographically?
GreenStone's federal charter covers 36 counties in Michigan and 12 counties in northeast Wisconsin. This territory includes Michigan's Thumb and Saginaw Valley regions, the Traverse City fruit belt, and Wisconsin dairy-dense counties near Green Bay and the Door Peninsula.
Who makes lending decisions at GreenStone?
Credit decisions sit with regional lending teams who report up to the CEO and a credit committee. Leadership is accountable to an elected board of directors drawn from the cooperative's farmer and rural-landowner membership. Travis Jones serves as President and CEO (per public record).
Does GreenStone return profits to its customers?
Yes, through a patronage-dividend program. When GreenStone's net earnings exceed capital-retention requirements, the board authorizes cash returns to member-borrowers in proportion to the interest income the cooperative earned from each borrower. This effectively lowers each member's cost of credit.
Is GreenStone part of the US government?
It is a private cooperative, not a government agency, but it operates under a federal charter and is regulated by the Farm Credit Administration. The Farm Credit System was created by Congress in 1916 and enjoys certain tax and funding advantages, including exempt status on its bonds, in exchange for a permanent mandate to serve agricultural and rural borrowers.
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