History

First Ag Credit is part of the Farm Credit System. The system, given life by Congress in the Farm Credit Act of 1916, has been making loans to its members as a cooperative for over 90 years. First Ag Credit is an institution formed from the combination of Federal Land Bank Associations (real estate loans) and Production Credit Associations (operating, equipment & livestock loans) to provide full-service credit. Several mergers took place in early 2001, and First Ag Credit, FCS, became one organization consisting of four merged associations. The newly named First Ag Credit was the result of board, stockholder and Farm Credit Administration votes and approvals. The involved associations included First Ag Credit (formerly First Texas FLBA and Red River FLBA), Ag Credit of Texas PCA (formerly Texas PCA and Rolling Plains PCA), Wichita Falls PCA and El Campo PCA.