The head of a newly-formed farm credit organization says there are a lot of moving parts following a merger earlier this year.
Compeer Financial CEO Rod Hebrink tells Brownfield integrating staff and programming from the former AgStar, Badgerland and 1st Farm Credit cooperatives is going smoothly.
“The good news was that after July first and the first couple weeks of business as Compeer, there haven’t been many glitches. Nothing that got into complicating a client service issue along the way. But there’s a lot more to come.”
He says over the next year they will be working to take three separate ways of doing business to design one process for the organization.
“Choosing the best from each of the organizations to build strong (and) efficient internal processes. We have yet to bring a number of the technology systems that exist in the three organizations together. We’ll convert to one online banking platform for all of our clients on October first of this year.”
Compeer Financial is now the third-largest farm credit organization in the U.S., servicing more than 45,000 clients in Minnesota, Wisconsin and Illinois.
Source: brownfieldagnews.com