Appeal of Dollar General ruling filed; People’s bank offers smartphone deposits; farm credit distributes profit to members

 Second Dollar General Appeal is filed

n behalf of a number of Chester residents who oppose the building of a Dollar General on Main Street, attorney James Dumont has filed a notice of appeal of the District 2 Environmental Commission’s ruling to grant an Act 250 permit to the project.

The appeal of the Act 250 permit will be heard by the Environmental Division of the Vermont Superior Court as will an of the 3-2 decision by Chester’s Development Review Board granting the project a conditional use permit.

No date has been set for hearing either appeal.

Got a smartphone, make a deposit

eople’s United Bank has added a mobile check deposit feature to its mobile banking services. Retail banking customers can now deposit checks by snapping a photo of the front and back of the endorsed check and using a free smartphone app to deposit it.

Smartphone users need only to log in to their account using the People’s United Mobile App, select “Deposit” and follow the simple steps to complete the deposit. The apps are available at Apple’s iTunes store or the Google Play store.

Visit and click on “Mobile Banking” at the top of the page to learn more about all our mobile banking features, view a demo video and download the Mobile Check Deposit app.

Yankee Farm Credit distributes $4.9 million to members

Yankee Farm Credit has distributed $4.9 million to its members who borrowed from the cooperative. This distribution represents approximately 57 percent of Yankee’s 2012 net income of $8.7 million and is the largest patronage refund in Yankee’s history.

George Putnam, Yankee Farm Credit’s president and chief executive officer, said that Yankee sent out payments to 1,304 borrowers on Monday, March 25. The payments represent patronage refunds, which allow Yankee borrowers to share in the cooperative’s 2012 earnings. Putnam explained, “The patronage refunds we provide to members are based on the profits that our association generated from loan volume last year. This cash patronage refund effectively reduced average loan rates to members by approximately 31 percent in 2012.”

Putnam added, “When Yankee Farm Credit has a successful year, patronage refunds represent one of the advantages of borrowing from your local agricultural cooperative. The refunds were possible due to our high quality loan portfolio. Our borrowers have a superior track record in honoring their obligations.”
Yankee Farm Credit has paid patronage refunds to its members every year since 1995, with total payments exceeding $49 million. Yankee Farm Credit is a member-owned cooperative that provides loans and financial services to farmers and other rural customers. It serves all of Vermont, four counties in New Hampshire (Cheshire, Coos, Grafton and Sullivan) and two in New York (Clinton and Essex).

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