Farm Credit of Western Oklahoma
Farm Credit of Western Oklahoma is a stockholder-owned agricultural lending cooperative serving over 5,000 farmers, ranchers, and rural homeowners across 27 counties in Western Oklahoma through nine branches, offering land, operating, equipment, livestock, agribusiness, rural home, and YBS loans.
- Company typePrivate
- Founded1916
- HeadquartersWoodward, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Farm Credit of Western Oklahoma does
Farm Credit of Western Oklahoma (FCWO) is a stockholder-owned agricultural lending cooperative headquartered in Woodward, Oklahoma, chartered in 1916 under the congressionally created Farm Credit System. The association serves more than 5,000 stockholders across 27 counties in Western Oklahoma through nine physical branches and a mobile banking application, holding a loan portfolio of approximately $2 billion as described by current leadership. Its core product suite comprises land loans (long-term fixed-rate financing up to 30 years), operating loans (short-term or revolving credit), equipment loans, livestock loans, agribusiness loans, Rural 1st home loans (originated through a partnership with Rural 1st), and YBS loans targeted at young, beginning, and small producers. Supporting services include in-house appraisal through state-certified general appraisers, leasing solutions for vehicles and equipment, and term life insurance offered through Selman & Company and American National Insurance Company.
FCWO's go-to-market is relationship-led, with local loan officers who live in the communities they serve and exercise branch-level decision-making authority. The association pairs this physical distribution with a digital layer consisting of the FCWOK eBanking app and an online loan calculator, plus an in-house rural land sales database that is the largest of its kind in Oklahoma. Revenue is generated primarily through interest income on the agricultural loan portfolio, supplemented by appraisal fees, leasing income, and insurance commissions. As a cooperative, FCWO returns a portion of earnings to shareholders through patronage dividends; recent refunds include $11 million (2023), a record $13 million (2024), and $12.3 million (2026), bringing cumulative patronage to $111.5 million since 1998.
The franchise has been built through three mergers (Farm Credit of Central Oklahoma in November 2014, AgPreference in January 2021, and Farm Credit of Enid in November 2022) that progressively expanded the territory, customer base, and branch network. Leadership transitioned in January 2024 when Greg Livingston, a 32-year Farm Credit System veteran and former Chief Lending Officer, was appointed President and CEO. The association is governed by an elected Board of Directors and is affiliated with CoBank and the broader 67-institution Farm Credit System.
Farm Credit of Western Oklahoma firmographics
Firmographics- Name
- Farm Credit of Western Oklahoma
- Legal name
- Farm Credit of Western Oklahoma
- Website
- https://farmcreditloans.com
- Company type
- Private
- Founded year
- 1916
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Farm Credit of Western Oklahoma is a stockholder-owned agricultural lending cooperative serving over 5,000 farmers, ranchers, and rural homeowners across 27 counties in Western Oklahoma through nine branches, offering land, operating, equipment, livestock, agribusiness, rural home, and YBS loans.
- Ownership category
- akta.pro rank
Farm Credit of Western Oklahoma industry classification
Industry- Product category
- Agricultural Lending
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)
- akta.pro secondary industry
- Agricultural & Rural Development Banks (FSABAKAE)
Keywords
Where Farm Credit of Western Oklahoma is headquartered
LocationHeadquarters
- HQ city
- Woodward
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Farm Credit of Western Oklahoma business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Agricultural Lending: Interest income from providing loans for land, operating expenses, equipment, livestock, agribusiness, and rural homes. Flexible loan terms with fixed and variable rate options. As a cooperative, profits are returned to shareholders through patronage dividends.
- Fee-Based Services: Appraisal services through State General Certified Appraisers available to borrowers and non-borrowers. Leasing solutions for vehicles, buildings, and equipment with tailored terms. Term life insurance offerings through Selman & Company and American National Insurance Company.
- Patronage Dividends: As a cooperative, a portion of earnings are returned to shareholders through patronage dividends. This reduces the effective cost of borrowing and keeps money in operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Land Loans - Fixed-rate long-term financing for farmland, pasture, and acreage |
| Subscription | Pay-as-you-go | Operating Loans - Short-term or revolving credit for day-to-day expenses |
| Subscription | Multi-year contract | Equipment Loans - Financing for tractors, trucks, implements, and technology |
| Subscription | Multi-year contract | Livestock Loans - Breeding stock and cattle operation financing |
| Subscription | Multi-year contract | Rural 1st Home Loans - Mortgages for rural properties through partnership |
| Subscription | Multi-year contract | YBS Loans - Financing for young, beginning, and small producers |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Farm Credit of Western Oklahoma product offering
Product offeringCore offering
Farm Credit of Western Oklahoma provides agricultural and rural financing to farmers, ranchers, agribusinesses, and rural homeowners across 27 counties in Western Oklahoma. Core offerings include land loans, operating loans, equipment loans, livestock loans, agribusiness loans, rural home loans (through Rural 1st partnership), and YBS loans for young, beginning, and small producers. The cooperative also provides in-house appraisal services, leasing solutions for vehicles/equipment, and term life insurance products.
Product overview
Farm Credit of Western Oklahoma offers a comprehensive suite of agricultural and rural financing products designed to support farmers, ranchers, and rural communities across Western Oklahoma. The core product portfolio consists of seven loan products: Land Loans (long-term fixed-rate financing for farmland and acreage), Operating Loans (short-term revolving credit for daily agricultural expenses), Equipment Loans (financing for machinery and vehicles), Livestock Loans (specialized cattle production financing), Agribusiness Loans (credit for agricultural service businesses), Rural 1st® Home Loans (partnership-enabled rural mortgages), and YBS Loans (targeted financing for young, beginning, and small producers). These are complemented by supporting services including in-house appraisal services, flexible leasing solutions for vehicles and equipment, and term life insurance products. The company also provides digital banking tools including the FCWOK eBanking mobile app and an online loan calculator. The cooperative structure enables patronage dividends that help lower borrowing costs for customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Land Loans Long-term fixed-rate financing for farmland, pasture, and acreage purchases with flexible payment options including monthly, quarterly, semi-annual, or annual schedules. Features include programs for low or no down payment and in-house certified appraisers.
- Operating Loans Short-term or revolving credit for day-to-day agricultural expenses including feed, seed, fuel, and input costs. Includes automatic sweep accounts for convenience and payment schedules aligned with operation income cycles.
- Equipment Loans Financing for tractors, trucks, farm vehicles, implements, irrigation systems, and buildings with competitive fixed or variable rate options. Offers flexible terms, dealer programs, and fast local approvals for new or used equipment.
- Livestock Loans Financing built for cattle producers, supporting herd expansion, breeding stock purchases, feedlot cattle, and backgrounding operations. Features fixed rates, 2-7 year terms on breeding stock, and lines of credit for stocker and feedlot operations.
- Agribusiness Loans Credit solutions for agribusinesses that process, transport, or provide on-farm services including financing for inventory, equipment, vehicles, facilities, construction, and expansion. Offers operating lines of credit and customized lending packages.
- Rural 1st Home Loans Home mortgages designed for rural properties through partnership with Rural 1st, covering land purchases, new construction, home improvements, and country homes with acreage. Offers competitive fixed-rate and construction financing options.
- YBS Loans (Young, Beginning, and Small Producer Loans) Loan program supporting young, beginning, and small agricultural producers with flexible terms for purchasing first acreage, expanding herds, financing equipment, and strengthening working capital. Payment schedules match income cycles with local lending decisions.
- Appraisal Services Independent real estate appraisals through State General Certified Appraisers available to borrowers and others needing professional property evaluations. In-house appraisers have extensive knowledge of Oklahoma land values.
- Leasing Solutions Flexible leasing for vehicles, buildings, and equipment with terms tailored to operations. Options include monthly, quarterly, semiannual, or annual payments with potential delay of first payment up to six months.
- Term Life Insurance Affordable term life insurance options including Group Term Life through Selman & Company and Signature Term Life through American National Insurance Company, designed to help secure family futures.
Companies that use Farm Credit of Western Oklahoma
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Farm Credit of Western Oklahoma technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Farm Credit of Western Oklahoma partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- Rural 1stcorePartnership with Rural 1st to provide flexible home loans designed specifically for rural properties. FCWO offers mortgages for purchasing, building, or improving homes on acreage through this partnership, combining local service with specialized rural lending programs.
- Selman & CompanysupportingGroup Term Life insurance through Selman & Company available to customers for securing family futures and loan protection.
- American National Insurance CompanysupportingSignature Term Life insurance through American National Insurance Company designed to help pay off or reduce loan balances in the event of death or disability.
- AgBizInfo.comsupportingFarm Credit System resource offering planning guides, financial tools, and educational materials for young, beginning, and small farmers. FCWO refers customers to this resource for additional tools and training.
- Oklahoma State University Ferguson College of AgriculturesupportingContributor to Oklahoma State University Ferguson College of Agriculture New Frontiers Project. Also funds 5, $1,000 scholarships annually for OSU students through Farm Credit Associations of Oklahoma.
Scale indicators10 records
Recent moves9 records
Expansion highlights6 records
Farm Credit of Western Oklahoma competitors and assessment
Company assessmentBroad incumbents
- CoBank: Farm Credit System wholesale bank that provides funding to FCWO and other associations. Functions as a financial partner and district lender rather than a direct retail competitor, but is part of the same national system.
- Farm Credit Bank of Texas: District bank for the Farm Credit System serving Texas, Oklahoma, New Mexico, Louisiana, and Mississippi. Provides funding and oversight to FCWO as part of the broader Farm Credit infrastructure.
Direct peers
- Capital Farm Credit: Farm Credit cooperative serving Texas with agricultural and rural real estate lending. Comparable cooperative model, similar crop and livestock lending focus, and overlapping customer base.
- AgHeritage Farm Credit Services: Farm Credit association serving Arkansas with a similar portfolio of agricultural and rural lending products. Comparable cooperative structure, scale, and customer base of farmers and ranchers.
- Compeer Financial: Large Farm Credit cooperative serving Illinois, Minnesota, and Wisconsin with agricultural, rural, and capital markets lending. Operates the same patronage-return cooperative model at a larger scale.
- BancFirst: Oklahoma's largest state-chartered bank with significant agricultural lending roots across the state. Competes directly with FCWO for commercial ag loans, operating lines, and rural real estate financing in overlapping Oklahoma markets.
- AgCountry Farm Credit Services: Farm Credit association serving Minnesota, North Dakota, and Wisconsin with a full agricultural lending suite. Same cooperative structure, comparable customer segments in crop and livestock production.
- Farm Credit Services of America: Large Farm Credit association serving Iowa, Nebraska, South Dakota, and Wyoming with crop and livestock lending. Same cooperative business model, broader geographic footprint, and similar product portfolio.
- Farm Credit of Southern Oklahoma: Farm Credit association serving Southern Oklahoma with the same agricultural lending cooperative model, including land, livestock, and operating loans. Closest geographic peer in the same Farm Credit district.
- Greenstone Farm Credit Services: Farm Credit association serving Michigan and Wisconsin with agricultural lending, leasing, and crop insurance. Comparable cooperative structure and product suite.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Farm Credit of Western Oklahoma social profiles
Digital presenceFarm Credit of Western Oklahoma compliance and trust
Trust signalCompliance3 records
Farm Credit of Western Oklahoma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Farm Credit of Western Oklahoma leadership team
Management profileNumber of profiles
Profiles18 records
Farm Credit of Western Oklahoma funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Farm Credit of Western Oklahoma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Farm Credit of Western Oklahoma
What does Farm Credit of Western Oklahoma do?
Farm Credit of Western Oklahoma provides agricultural and rural financing to farmers, ranchers, agribusinesses, and rural homeowners across 27 counties in Western Oklahoma. Core offerings include land loans, operating loans, equipment loans, livestock loans, agribusiness loans, rural home loans (through Rural 1st partnership), and YBS loans for young, beginning, and small producers. The cooperative also provides in-house appraisal services, leasing solutions for vehicles/equipment, and term life insurance products.
Is Farm Credit of Western Oklahoma a public or private company?
Farm Credit of Western Oklahoma is a private company. It is classified as management employee owned and is currently operating.
When was Farm Credit of Western Oklahoma founded?
Farm Credit of Western Oklahoma was founded in 1916. It employs 11 to 50 people.
Where is Farm Credit of Western Oklahoma based?
Farm Credit of Western Oklahoma is headquartered in Woodward, United States, in the North America region.
How does Farm Credit of Western Oklahoma make money?
Three revenue lines are on record. Agricultural Lending is the primary driver. The others are fee-Based Services and patronage Dividends.
Who are Farm Credit of Western Oklahoma's main competitors?
Broad incumbents on record are CoBank and Farm Credit Bank of Texas. Direct peers are Capital Farm Credit, AgHeritage Farm Credit Services, Compeer Financial, BancFirst, AgCountry Farm Credit Services, Farm Credit Services of America, Farm Credit of Southern Oklahoma and Greenstone Farm Credit Services.
Does Farm Credit of Western Oklahoma have an API?
No public API is recorded for Farm Credit of Western Oklahoma.
What industry is Farm Credit of Western Oklahoma in?
Farm Credit of Western Oklahoma's product category is Agricultural Lending. Its primary akta.pro industry code is FSABAEAG, Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks), with a secondary code of FSABAKAE, Agricultural & Rural Development Banks. Its SIC code is 6111.