Become A Patron
“The customer is the company”
We welcome anyone who wants to be a patron of Farmers Union Oil Company to apply to open an account – you do not need to be a farmer to be a patron with us.
Unlike competitive for-profit gas stations, Farmers Union Oil Company pays patron a percentage of profits.
When you become a patron of Farmers Union Oil Company, you are also an owner of the company.
One of the many benefits of doing business with a local cooperative is the return of patronage dividends to the customers. Each year, our patrons receive a percent of our annual profits. Patronage, your share of the annual profits, is based on your annual purchases and Farmers Union Oil Company’s annual profits. Patrons who have a patron account setup will receive a dividend check at the annual meeting in the fall or via mail if they choose not to attend the meeting.
We are grateful for our patrons! When you do business with us, you not only earn dividends for yourself but help to put money back into our local communities.
There are two types of patron accounts, a Cash Patron Account and a Patron Credit Account.
Cash Patron Account
Accounts are tied to the applicant’s social security number as dividend payouts are reported to the IRS.
All purchases made on this account are eligible to earn patronage dividends.
Payment for purchases made on this account are due at the time of purchase. Propane and bulk fuel purchases are due prior to delivery, or in most situations at time of order.
Patron Credit Account
All Patron Credit accounts must be set up established with an approved credit application. Farmers Union Oil Company extends credit offerings for both personal and business use.
Customers must have an existing Patron Credit account with Farmers Union Oil Company to order propane or fuel. Account status will be reviewed before fulfilling the order request.
Farmers Union Oil Company’s credit policy is balance due and payable by the 15th of every month following the date of purchase.
Accounts that have not been paid by the last day of the following month will be assessed a service charge of 1 ½% on the unpaid balance. This is equivalent to 18% annually.
Credit will not be extended to accounts over 90 days old.
Open accounts that are continuously delinquent and past due 90 days, will be put on a cash only basis indefinitely.
All gas, diesel, fuel, propane, and general accounts must be paid in full before the next delivery is made.
Liens may be filed on past due accounts.
Accounts are tied to the applicant’s social security number or FEIN number as dividend payouts are reported to the IRS.