Scranton Equity Exchange is your cooperative. We exist to serve our patrons, our community and our employees. It is the goal of Scranton Equity to remain on the cutting-edge of today’s farming practices. By working together, we form a powerful alliance and we are able to achieve a great deal of efficiency.
Scranton Equity’s fiscal year runs from July 1 – June 30 of each year. An annual audit is performed at the end of the fiscal year by Eide Bailly in Aberdeen, South Dakota. Eide Bailly calculates patronage rates using the audit profits for each department/product. Eide Bailly works closely with the Board of Directors and the General Manager with the various tax, patronage and miscellaneous decisions to be made. Factoring all of the variables, a decision on the percent of payout for that year is made. Historically, the payouts have been 30, 50 or 100 percent. If 100 percent is not paid, the deferred amount is credited to the patron’s stock credit account.
Stock Credits continue to grow with each year that patronage is deferred. An application for stock credit payout can be submitted to the board along with supporting documents for an estate or when a patron reaches their 70th birthday. Payout is at the boards discretion.
It’s important to keep your stock credit records up-to-date. Check that your account has a current address (3 line), social security number and date of birth recorded.
To apply for stock credit payout, please fill out our Stock Credit Application and return it to our office.
The Scranton Equity Board of Directors reserves the right to review this application.
Past Five Years
|Farm & Fuel Department||$||4.9274%||1.0425%||4.5025%||5.4963%||—|
|Gas, Fuel and Propane||$||3.1189%||6.1449%||7.7181%||8.1616%||8.7921%|
*Prior to 2014 Animal Health was included in the Feed Department also Farm & Fuel and Pronto categories were combined.