December 28, 2014 8:10 AM ET

Diversified Financial Services

Company Overview of Greenstone Farm Credit Services ACA

Company Overview

Greenstone Farm Credit Services ACA provides financial services to the agricultural industry. It offers short, intermediate, and long-term loans; new and used agricultural equipment, facility, vehicles, real estate, and breeding livestock loans; loans for daily business operations; equipment and building leasing services; and crop and life insurance, disability insurance, tax, appraisal, accounting, commercial credit card, farm cash management, and funds held services. The company also offers home site, construction, recreational land, and part-time farming loans. In addition, it offers residential and country home loans providing lending products for the purchase, improvement, construction,...

3515 West Road

East Lansing, MI 48823

United States

Founded in 1917

Phone:

517-318-2290

Fax:

517-318-1254

Key Executives for Greenstone Farm Credit Services ACA

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Senior Vice President of Operations
Chief Information Officer
Chief Legal Counsel and Executive Vice President
Age: 56
Compensation as of Fiscal Year 2014.

Greenstone Farm Credit Services ACA Key Developments

Greenstone Farm Credit Services ACA Promotes Melissa Humphrey as Regional Vice President of Sales and Customer Relations

Melissa Humphrey has been promoted as regional vice president of sales and customer relations for GreenStone Farm Credit Services. In this role, Humphrey will serve as the leader of the financial services officers, crop insurance agents and financial services staff in the Charlotte, Grand Rapids, Hart, Hastings, and Ionia offices. She will not only be responsible for the customer service from this group, but also for the guidance and development of this sales team.

Greenstone Farm Credit Services ACA Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2014

Greenstone Farm Credit Services ACA reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2014. For the quarter, the company reported interest income of $66,275,000 against $63,637,000 for the same period of last year. Income before income taxes was $37,886,000 against $39,988,000 for the same period of last year. Net income was $36,911,000 against $37,753,000 for the same period of last year. For the nine months, the company reported interest income of $195,392,000 against $186,121,000 for the same period of last year. Income before income taxes was $114,328,000 against $110,637,000 for the same period of last year. Net income was $108,837,000 against $103,380,000 for the same period of last year. Return on average assets was 2.3% against 2.3% for the same period of last year. Return on average members' equity was 12.1% against 12.6% for the same period of last year.

Greenstone Farm Credit Services Appoints David Carpenter as Vice President with Commercial Lending Unit

Greenstone Farm Credit Services ACA appointed David Carpenter as a vice president for commercial lending unit. In his new role, he will specialize in assisting large cash crop operations with lending and financial services needs. David’s previous experience as a financial services officer and his knowledge of GreenStone’s product and services will make this transition seamless for customers. Carpenter began his career with GreenStone’s Alma branch in 1999. As a financial services officer for more than 15 years, he focused on ensuring agricultural customers’ lending needs were met by offering financial solutions such as real estate, equipment and operating loans and lease financing.

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