Effingham Equity - Home Mortgage

Effingham Equity
23801 E State Highway 33,
Dieterich, IL 62424
Phone:(217) 925-5269
Fax:(217) 925-5740
Phone:(800) 500-2289
Luke Brummer - Board Member

n 1919, a group of far-sighted farmers saw that by joining together in a group, the group would have greater buying power than each farmer had individually. The original charter of Effingham Equity Cooperative Union Exchange listed 53 members.

The group incorporated in 1921 with 56 stockholders. The first Board of Directors consisted of John Diehl, William. Wagner, Henry Fuesting, Joseph Vahling and William Soltwedel. The manager was John Mueller, who was paid a salary of $100 per month. The first stock, issued at $100 per share par value, entitled the holder to be a full member eligible for refunds. Refunds earned were applied toward the purchase of stock for new members. Today Effingham Equity stock costs $25.

One of the largest independent agricultural cooperatives in Illinois, Effingham Equity offers a broad range of products to fulfill our customers needs:

* Agronomy
* Grain Services
* Feed & Livestock
* Petroleum
* Hardware & Supplies

Â© 2009 Effingham Equity. All rights reserved.