Landmark Services Cooperative’s Board of Directors is pleased to announce a new Patron Note Program for members to invest in your cooperative! This program is effective April 1, 2019 and includes two interest-bearing certificates:
- Demand Certificate: Requires a minimum of $2,500 and bears interest at 2% per annum. The interest rate will be reviewed periodically and adjusted to market rates at Landmark’s discretion. Funds are available for withdrawal within five business days of execution of the demand certificate.
- Three-Year Certificate: Requires a minimum deposit of $5,000 at 3.25% interest. Interest is accrued as simple interest, and the interest rate is locked for the three-year term of the certificate. There is an early withdrawal penalty of six-months of interest on the principle.
Additional details about each interest-bearing certificate can be found in the frequently asked questions (FAQ) guide by clicking on the link below.
Landmark members, that were previously enrolled in our former programs, have been contacted and sent all of the necessary information via US mail that’s needed to transition to the new programs.
If you’re a member that would like to open a new certificate or a current member that has questions about your transition to the new certificates please reach out to us at 608.819.4201, Monday through Friday, 8:00 a.m. to 4:30 p.m. or email us at firstname.lastname@example.org.