Finance
The Northern Plains credit policy was developed to protect the strong balance sheet of your cooperative. Working together within the terms of our policy, we can ensure your cooperative is positioned for continued success today, and in the future. We have a full line-up of farmer-friendly tools in place for bill payments along with loan resources through Cofina Financial. Please contact any
Northen Plains location with questions.
Northern Plains credit policy:
- A revolving credit account is required in advance to charge products and services at Northern Plains.
- All purchases are due at the end of the month and must be paid by the 15th of the following month.
- A service charge of 1.5% per month (18% annual) will be charged to accounts that are past due. Minimum service charge is $0.50.
- Payment plans and automatic bank payment programs are available.
- If an account is past due, the account will be placed on a cash basis until the account is brought current.
- If Northern Plains must file in the court system or write off an account, further credit will be allowed only with a first position lien on crops and cattle.
Credit and other finance department applications (PDF format):
Cofina Financial
To learn more about our producer financing programs offered in partnership with Cofina Financial, call Greg Kohlenberg today. He can help with loan solutions that will best fit your crop and livestock operation.