The plan also calls for Heartland's PCA and FLCA subsidiaries to merge into American AgCredit's PCA and FLCA subsidiaries, respectively. On September 18, the FCA Board approved the plan and related disclosure for the proposed merger of Farm Credit of the Heartland, ACA, Wichita, Kansas, into American AgCredit, ACA, Santa Rosa, California. Two Associations Receive Approval of Merger Plan and Proposed Disclosure Currently, as an FLCA, each association may only make long-term loans within its chartered territory.Īs the result of an amendment to the Farm Credit Act that was passed as part of the 2008 Farm Bill, FCA will have the authority beginning January 1, 2010, to convert an affected FLCA's charter to allow it to provide production lending. The conversions would give these three institutions short- and intermediate-term lending authority under Title II of the Farm Credit Act, as amended, within each FLCA's chartered territory. On September 29, the FCA Board approved a similar request from the Louisiana Federal Land Bank Association, FLCA. On July 22, the FCA Board approved the proposed disclosure that the Federal Land Bank Association of North Alabama, FLCA, will provide its voting stockholders for the same purpose. The conversion requires an affirmative vote by the FLCA's voting stockholders. On July 8, 2009, the FCA Board approved the proposed disclosure that the Federal Land Bank Association of South Alabama, FLCA (Federal Land Credit Association), will provide its voting stockholders on converting its FLCA charter to that of an Agricultural Credit Association. Note: FCA views an Agricultural Credit Association (ACA) and its Production Credit Association (PCA) and Federal Land Credit Association (FLCA) subsidiaries as a single entity for most regulatory purposes.įLCAs Receive Approval of Proposed Disclosure on Obtaining Short- and Intermediate-Term Lending Authority Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA. Source: Farm Credit Administration news releaseįCA is responsible for issuing corporate charters to all Farm Credit System institutions. and other countries.FARM CREDIT ADMINISTRATION ANNOUNCES MERGERS, NAME CHANGES WITHIN THE SYSTEM Transfers and other activity initiated on one device will be viewable and trackable on the other, further enhancing your transactional efficiency.Īpple, the Apple logo, Face ID, iPhone and Touch ID are trademarks of Apple Inc., registered in the U.S. Our app is built on the same platform as our desktop Customer Portal-your username and password will be the same on both. View active & historic insurance policies and current lease balances.Submit a loan payment through our mobile check capture feature.Funds transferred between American AgCredit accounts, and to and from external bank accounts. Transaction history up to two years of activity.Account details, such as balances, interest rate, and next payment amount and date.Access your account details, view transaction history, transfer funds, or submit a check, anytime, anywhere. Welcome to American AgCredit Mobile! Our goal is to simplify our customers lives by putting control of their loan and other accounts in the palm of their hand.
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