$5 million fund matches customer donations to charities across rural America
DENVER – March 24, 2022 – CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced the launch of its annual Sharing Success program. The $5 million fund is a cornerstone of CoBank’s corporate citizenship efforts, matching donations by the bank’s customers to nonprofit organizations in their communities.
CoBank established Sharing Success in 2012. Since then, the bank and its customers have together contributed nearly $66 million to groups such as volunteer fire departments, local schools and hunger relief programs.
“CoBank’s customers embody the cooperative principle of concern for community,” said Thomas Halverson, CoBank’s president and chief executive officer. “Through charitable contributions and outreach they provide a helping hand to people and communities in need and support the programs and organizations that are helping rural communities to grow and thrive.”
“Sharing Success has been an important part of our citizenship program for ten years,” continued Halverson. “We are privileged to partner with our customers in their charitable efforts and look forward to the next decade of Sharing Success.”
The 2022 Sharing Success program launches April 1. This year, customers are asked to participate in a brief registration process that will allow for enhanced application tracking and management. When visiting the Sharing Success application page for the first time, customers will submit their name, organization name and email address. Once submitted, the customer will receive a verification code via email that will allow them to complete the registration process. If customers have an existing CoBank.com account, they can simply login with their email account. Once registered, customers can submit Sharing Success requests. CoBank will match up to four applications for a maximum match per customer of $10,000.
Sharing Success will run through September 30 or the point at which the $5 million fund is exhausted. Customers interested in participating should contact their CoBank relationship manager or visit the Sharing Success program page for detailed program requirements. The electronic application will be available on April 1 on CoBank.com.
CoBank is a $170 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.