November 22, 2019

MaxYield Cooperative Announces Fiscal Year Results

MaxYield Cooperative® recently announced their fiscal results, for the year ending July 31, 2013.

“We are grateful for the support of our members and clients, as we just finished another successful year. MaxYield had a strong year financially with local savings surpassing $4.2 million,” said MaxYield Cooperative CEO Keith Heim.

Local savings of MaxYield Cooperative for the 2012-2013 fiscal year exceeded business plan with Local Savings from Operations reaching $4,201,659. Patronage from other cooperatives totaled over $4.9 million. This combination of earnings resulted in a level of pre-tax Total Savings for MaxYield over $9.1 million.

Over $5.7 million will be returned to members in the form of patronage allocations and Section 199 Domestic Production Activities Deductions.

Heim went on to say that MaxYield will be retiring nearly $60,000 of Britt Co-op preferred stock from regional cooperatives and over $205,000 of Fostoria Co-op preferred stock per previous merger agreements with those organizations. “These payments pay off the remaining applicable Fostoria equity and Britt regional equity due their members,” he said.

The cooperative’s annual meeting is slated for December 3, 2013.

MaxYield Cooperative is a local member owned cooperative with 19 locations and is headquartered in West Bend, Iowa. More information regarding the cooperative is available online at www.MaxYieldCooperative.com.

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