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Agricultural Credit Association: Difference between revisions

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==Parent organization==
==Parent organization==


Each Agricultural Credit Association is part of the **Farm Credit System**, a cooperative network that supplies credit and financial services to agriculture and rural America.<ref>{{cite web |url=https://www.farmcredit.com/ |title=Farm Credit System |publisher=Farm Credit System |access-date=January 27, 2025}}</ref><ref>https://www.fca.gov/bank-oversight/about-banks-and-associations)</ref>
Each Agricultural Credit Association is part of the Farm Credit System, a cooperative network that supplies credit and financial services to agriculture and rural America.<ref>{{cite web |url=https://www.farmcredit.com/ |title=Farm Credit System |publisher=Farm Credit System |access-date=January 27, 2025}}</ref><ref>https://www.fca.gov/bank-oversight/about-banks-and-associations)</ref>


==Legislation==
==Legislation==


The creation of Agricultural Credit Associations was authorized by the **Agricultural Credit Act of 1987**, which facilitated the merger of Federal Land Bank Associations with Production Credit Associations to create ACAs.<ref>{{cite web |url=https://www.fca.gov/about/what-we-do/fcs-institutions |title=Description of FCS Institution Types |publisher=Farm Credit Administration |access-date=January 27, 2025}}</ref><ref>https://www.fca.gov/bank-oversight/description-of-fcs-institution-types)</ref>
The creation of Agricultural Credit Associations was authorized by the Agricultural Credit Act of 1987, which facilitated the merger of Federal Land Bank Associations with Production Credit Associations to create ACAs.<ref>{{cite web |url=https://www.fca.gov/about/what-we-do/fcs-institutions |title=Description of FCS Institution Types |publisher=Farm Credit Administration |access-date=January 27, 2025}}</ref><ref>https://www.fca.gov/bank-oversight/description-of-fcs-institution-types)</ref>


==Partners==
==Partners==
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===Leader===
===Leader===


Leadership roles within ACAs include titles like **President** or **CEO**, often depending on the specific association.
Leadership roles within ACAs include titles like President or CEO, often depending on the specific association.


===Divisions===
===Divisions===


- **Loan Origination and Servicing** for handling loan applications and management.
* Loan Origination and Servicing for handling loan applications and management.
- **Member Services** for supporting members with additional financial needs.
* Member Services for supporting members with additional financial needs.


==List of programs==
==List of programs==


- **Short-term Loans** for operational needs.
* Short-term Loans for operational needs.
- **Intermediate-term Loans** for equipment or livestock.
* Intermediate-term Loans for equipment or livestock.
- **Long-term Loans** for real estate and large capital expenditures.
* Long-term Loans for real estate and large capital expenditures.


==Last total enacted budget==
==Last total enacted budget==