Newsletter   |   September/October 2016

Agricultural cooperatives are undergoing, if not a sea change, some significant waves and troughs. Commodity prices, which were at record highs four years ago, are dropping, input costs and land values remain high, and profit margins are shrinking; at the same time, global trade influences, domestic political uncertainty and discussions about the next Farm Bill loom. Achieving and maintaining success in this complex environment will require strategic thinking and the courage to make difficult decisions. Read More

    Customer Spotlight

In Cooperation with National Rural Electric Cooperative Association (NRECA)

The National Rural Electric Cooperative Association (NRECA) is a national service organization that supports more than 900 electric cooperatives, public power districts, and public utility districts across the country, undertaking advocacy and research on their behalf, and providing them with insurance, educational programs and other professional services to help them better serve their member-owners. Read More

   Services Spotlight   

Service to Cooperatives

FCC Services was established to provide professional services to Farm Credit organizations, all of which are cooperatives. Recognizing an opportunity to provide our expertise to a broader audience, in 2007 we expanded our services to agricultural cooperatives and agribusinesses, and today even further to work with other organizations that provide professional services to cooperatives in the rural energy and healthcare arenas. Read More

   Company News   

New National Discount Program Supplier – BitSight

When looking at cyber security threats to Farm Credit, it is no longer sufficient to enlist the best practices for your institution without evaluating the practices of your vendors and partners. In consideration of some high profile cases of cyber breaches in the past few years—including major corporations such as Target, American Express, and Experian—it is evident how serious third party breaches can be. Read More

Click on the logo below to see all of our National Discount Program Suppliers.

   Risk Management Corner   

FCC Services Launches Captive Insurance Company for Rural Wisconsin Health Cooperative

Recognizing the benefits larger groups receive in purchasing insurance products, the Rural Wisconsin Health Cooperative (RWHC) decided in 2015 to move forward with forming a Workers Compensation captive insurance company for its members. After researching the potential partners in this complex undertaking, RWHC selected FCC Services in January 2016 to implement their ambitious plan: launching the new company by October 1st.

RWHC provides a variety of professional services to its 40 members, which are rural acute care non-profit hospitals located throughout Wisconsin. An analysis of these members’ workers compensation claims revealed very favorable – meaning low – loss experience, along with the realization that RWHC could help its members reap the rewards of this result.

“Once the conversation started about how to capitalize on the low loss records, it became apparent that a captive insurance company could deliver lower costs for this insurance product, and provide other benefits as well,” says Don Sicard, Vice President of Risk Management and Insurance for FCC Services. “Members in the Captive will have access to more insurance options because of the larger group size, and thus more control over their coverages, and also have the potential for significant financial benefit.” Read More

FCC Services
PO Box 5130
Denver, CO 80217-5130

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