FORMS

PRODUCER HEALTH INSURANCE

DEMAND NOTE PROGRAM

CREDIT POLICY

CHARITABLE DONATIONS

Central Region Cooperative Forms

Credit Application ST3 Form

Propane Contract Refined Fuels Contract

Producer Health Insurance

Central Region Cooperative has partnered with 40 Square Cooperative Solutions to offer you alternatives for health insurance benefits.

40 Square Cooperative Solutions
40 Square Cooperative Solutions is an independent coop with the mission to bring quality, sustainable health care coverage to Minnesota's agricultural community. To become a member of 40 Square Cooperative:

you must be an employer with at least one common law employee
actively work in production agriculture, and
file either a Form 1065 or Schedule F with your income tax return, OR
provide direct services to production agriculture in Minnesota.

They currently offer medical plans as well as ancillary benefits such as dental, vision and life insurance. 40 Square plans are available through your local insurance broker.

For more information or to get a quick estimate, check out the 40 Square website: 40square.coop
Have questions? Contact 40 Square Cooperative Solutions today at 1-844-205-9579 or info@40square.coop.

Patron Demand Note Program

Central Region Cooperative (CRC) has reopened its demand note program and is accepting new investments. You must qualify as a member of the cooperative to participate in this program. Minimum investment in the demand note program is $1,000. Program participants can add or withdraw funds without penalty. New investment accounts must sign the note program disclosure agreement and the note instrument.

Effective March 1, 2023, CRC increased the rate of interest it is paying on demand notes to a 2.5% annual percentage rate. The interest rate is subject to change at any time by action of the CRC Board of Directors.

If you have specific questions about the patron demand note program, please contact CRC Treasury Manager Chuck Braun at 320-833-5321 (Ext. 1262)

Credit Policy

Effective Date: October 1, 2017 -- Revised May 1, 2018

An approved credit application should be completed and signed by all new accounts.
An inquiry may be made through the credit bureau to determine credit history.
The closing date of the billing cycle shall be the end of the month. All periodic statements will be mailed as soon as possible following the closing date of the billing cycle.
Payment is due in full by the last day of the month the statement is mailed.
Prompt Pay (Cash) discounts are available bulk fuels and bulk LP. All discounts are subject to change without notice. Prompt Pay (Cash) discounts are only available if payment is received by the 15th of the month following date of purchase. No discounts will be offered after the 15th. Account must be current to receive prompt pay discount.
A finance charge of 1.5 % per month or 18 % per year accrues against the outstanding past due balance on the last day of the month. A minimum finance charge of one dollar ($1.00) will be assessed on past due accounts.
An account over 60 days old shall be considered delinquent and may be required to pay cash on delivery (COD), and a collection procedure may begin, with all costs of collection being added to the patrons account to be considered indebtedness of the patron to the cooperative. In addition, the coop reserves the right to place any account on COD if the coop has reason to believe the account may not pay within accordance with the credit policy.
Central Region Cooperative has a first lien on any equity held by the applicant in the Central Region Coop or in either of the legacy coops.
Management reserves the right to deny or limit extension of credit.
Financing programs are available for most purchases. Please inquire to the divisional manager. Please see departmental credit policies attached for departmental details.

Departmental Credit Policies

AGRONOMY

No discounts offered on agronomy products.

FEED

Selected accounts will be direct debited once a month.
No discounts will be offered in feed dept.

ENERGY

Home heat customers will be required to move to budget program if they go past due.
Prompt Pay Discounts will be 10 cents per gallon on all bulk fuels and LP effective on purchases after Oct 1, 2017. Bulk fuel and LP will be invoiced at 10 cents per gallon over the cash price and credited as a prompt pay discount when and if payment is made by the 15th of the month following purchase. No discounts allowed if payment is received after the 15th of the month.
Account must be in a current status to receive discount.

GRAIN

Corn purchases for Heartland corn products will be due immediately upon being billed.
No corn will be delivered to Heartland for a past due customer.
Past due drying and storage fees will be automatically deducted when grain is sold. When a customer sells grain the employee settling the account will check aging and deduct from grain check.
Drying charges will be billed out by Nov 30th each year.
Storage charges will be billed out annually on July 31st.
The grain policies apply to all grain that is sold as unprocessed grain and does not include feed products or grain used in feed production.
Retail grain purchases at CRC fall under the overall coop credit policy.

Charitable Donations

Central Region Cooperative supports programs in our geographic footprint that enrich our communities and impact the lives of those within them.

We take pride in continuing to support the local communities that our customers and employees live and work in every day. We place a high importance on helping develop programs that promote agriculture organizations and education initiatives for our youth because many parents of those youth typically are customers of CRC. In addition, students gaining education and leadership skills by these organizations or initiatives often contribute to agriculture and/or to our communities in some capacity as they choose a career path.

In addition, Central Region Cooperative’s Donation Program intends to support county 4-H programs, FFA Chapters, fire departments, and food shelves or hunger initiatives. The Central Region Cooperative Board of Directors may approve donation requests other than those listed upon their discretion.

The following organizations although recognizable are not eligible for Central Region Cooperative charitable donations:

Fraternal, religious, social or labor organizations, school districts, and political groups
Individual benefits or individuals directly to participate in an activity or function

Donation requests are subject to Board approval. Please allow for 60 days for donation approval.

Donation requests are accepted year round. If you are interested in applying for a donation, please complete the donation application below.

PDF Donation Application Online Donaction Application