Why do Farm Credit associations from coast to coast choose to work
with FPI? What is the FPI difference? Our
difference is about a combination of clear overriding principles
that we share with each of our affiliated associations about who
we are and what we will provide. Those principles are listed here:
A common vision
FPI and our client associations share a common
vision that FPI will develop partnerships with our customers, not
vendor relationships. We work cooperatively with each association
so that we become a logical extension of each association's business.
Strong association experience
The FPI staff and management know association
business challenges because a number of us had either Farm Credit
association lending experience or Farm Credit bank experience.
But we also employ many "newcomers"
who bring a wide range of corporate experience to the table. These
folks offer objective viewpoints and fresh looks at business methods
and opportunities to the FPI team.
One-stop shopping
FPI focuses on technology and operations, which
form the bulk of our "core" services. Our association
customers identify the essential services that they need in order
to achieve economies of scale for their businesses, such as flexible,
fully integrated credit delivery systems, loan accounting and general
ledger processing.
Solutions, not products
Think of FPI as a provider of solutions, not products.
FPI provides and procures a broad range of services and business
tools for our owner associations. This means that if we can't provide
a service efficiently with our own in-house suite of services, we
will identify appropriate outside vendors, negotiate the lowest
possible cost and administer the service relationship.
Customer-driven
Each FPI owner has a seat on the FPI board of
directors. This gives the CEOs of our partnering associations an
influential place "at the table." These individuals work
together to develop FPI's strategic direction and to determine the
products and services that we offer. In addition, CoBank's CEO (or
his appointed representative) also sits on the FPI board.
By working closely with our customers, we strive
for clear, ongoing communication with association CEOs, credit supervisors,
branch managers and other association staff.
Fully-integrated software systems
Our branch delivery system helps make management
of an association's credit and financial services business fast,
easy and dependable. Our systems talk effectively to each other
so the entire customer relationship can be accessed "at a glance."
This close integration of the systems enables FPI associations to
achieve very strong operating results.
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