Your Board of Directors

Western AgCredit is a financial cooperative owned by its member-customer stockholders and governed by a 10-member board of directors. The board meets monthly and provides overall direction to the organization's leadership. Stockholders participate in annual director elections for open governance positions.

Our 10-member Board includes:

8 Member Directors elected by voting stockholder
2 Outside Directors appointed by the Board based on their professional expertise who are not stockholders or borrowers of the Farm Credit System

As your Board of Directors, what do we do?

The board is responsible for providing oversight and strategic direction to senior management. The Board of Director Charter was developed to bring clarity and focus to key board composition and process areas that support the Board’s leadership and oversight role in the accomplishment of the Association mission:

"To provide the most dependable source of constructive credit and related services to agriculture and the rural community."

Board of Director Charter

The Board’s primary functions include:

Developing the Association’s long-term vision and conducting the long-term planning and strategic thinking needed to realize the vision
Determining policy matters, periodically reviewing operations and being informed of the fulfillment of objectives, goals and performance
Working with management in the regular review, identification and prioritization of risks; in establishing risk tolerance levels; and in monitoring actual performance. This includes oversight and active participation in the Enterprise Risk Management function.
Understanding the Association’s primary and other lines of business, including:
- The key business opportunities that may exist and the strategies to pursue them
- The risk climate and the tools to manage it
Putting effective management in place to conduct operations through strong hiring, compensation, evaluation, and succession planning programs
Delegating authority to management and holding management accountable for results
Overseeing the Association’s financial reporting and disclosure, compliance with laws and regulations and audit programs
Addressing the Association’s need for sustainable growth