FCS Institution DirectoryView Reports for Alabama Ag Credit, ACA
FCA Institution Number:710990
Abbreviated Name:Alabama Ag Credit, ACA
Status:Active
Phone:334-270-8687
RSSD Number:3025349
CEO:Mr. Douglas Thiessen
Chairman of the Board:Mr. James L. Bassett

Addresses:
Street:2660 EastChase Lane, Suite 401
City:Montgomery State: AL Zip Code: 36117
County:Montgomery
Web URL:http://www.alabamalandloan.com

Charter Information:
Official Name:Alabama Ag Credit, ACA
Charter Date:01/04/2010
Charter Number:8081
Territory Description:
In the State of Alabama, the Counties of Autaugo, Baldwin, Barbour, Bibb, Bullock, Butler, Chambers, Chilton, Choctaw, Clarke, Coffee, Conecuh, Coosa, Covington, Crenshaw, Dale, Dallas, Elmore, Escambia, Geneva, Greene, Hale, Henry, Houston, Lee, Lowndes, Macon, Marengo, Mobile, Monroe, Montgomery, Perry, Pickens, Pike, Russell, Sumter, Tallapoosa, Tuscaloosa, Washington, and Wilcox.

Comments:
Effective October 1, 1999, the FLBA of South Alabama, assumed authority to make and participate in long-term real estate mortgage loans. The association will be known as Federal Land Bank Association of South Alabama, FLCA.

Effective January 4, 2010, pursuant to the authority under sections 5.17 and 7.7 of the Farm Credit Act of 1971, as amended (Act), FCA chartered a new production credit association that consolidated with the Federal Land Bank Association of South Alabama, FLCA to form Alabama Ag Credit, ACA. The FCA also approved a subsidiary structure with the PCA known as Alabama Ag Credit, PCA, amended the FLCA charter to make it a subsidiary of Alabama Ag Credit, ACA and changed the FLCA subsidiary’s name to Alabama Ag Credit, FLCA. The equalization of loan-making power under section 7.7 of the Act authorizes the ACA and its subsidiaries to exercise full lending authorities within their chartered territory. The associations are subject to Conditions of Approval that are also effective January 4, 2010. Pursuant to FCA's Conditions of Approval, FCA will treat the ACA and its subsidiary associations on a consolidated basis for regulatory purposes as the FCA deems appropriate.

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