The Central Valley Ag (CVA) Board of Directors approved Revolving Fund Credit equity redemptions of $4.9 million dollars for equity earned in 2013. Year Earned redemption payments and the amount redeemed is based upon the performance of the cooperative.
Redeemed equity may be qualified or non-qualified, which will be indicated on the check stub. Qualified revolving equity will be nontaxable in the 2025 tax year, while non- qualified will be taxable. CVA is grateful for the loyalty of its member-owners and is appreciative of the opportunity to share its success.
“As a cooperative, we are proud to fulfill our commitment to returning value to our member- owners,” said Nic McCarthy, CEO of CVA, “By distributing equity, we not only honor the contributions of our members but also strengthen our cooperative’s foundation for future growth and shared success. Your trust and investment continue to drive us forward, ensuring the long- term prosperity of both our members and the communities we serve.”
As an owner of CVA, a member’s business is returned in the form of cash patronage or reinvested into the cooperative as equity. That equity is then used to strengthen and improve the co-op’s ability to serve its members. When the cooperative performs well, the board may vote to issue equity redemptions, providing cash back as a return on the member’s investment in the cooperative.
When combined with the expected patronage for the fiscal year ending Aug. 31, 2025, which is set to be paid out in November 2025, CVA will have returned more than $170 million to its patrons over the past 10 years. The investments made on behalf of its members, along with their continued utilization, have proven successful. CVA values the ongoing support and business of its member-owners.
