Back to Home About Us Farm Credit Foundations is a collaboration of Farm Credit employers who have come together to create centralized HR shared services focused on meeting their own human capital needs. We are a federally chartered instrumentality of the United States, charted by the Farm Credit Administration (FCA), operating independently since January 1, 2012. Our participating Farm Credit organizations span 41 states and employ over 10,000 employees. We provide competitive and economic value by acting as one employer. The vision for Foundations is to achieve economies of scale and strategic advantage by: Designing and offering a competitive employee benefits package for attraction and retention of talent, Pooling plan assets in the investment markets to gain economic muscle and lower cost, Leveraging new-generation HR information technology system, which individual organizations could not afford on their own Ensuring expertise and effective operations in a quickly changing benefits environment to manage compliance risk, and Providing support and information on compensation strategy and HR compliance Farm Credit Foundations employers access HR industry thought leadership and best practices through the expertise and breadth of experience of Foundations team members located in St. Paul, MN. Employers capture the efficiencies and effectiveness of shared benefits design, administration, asset management, payroll services, and related HR offerings. Through Foundations, their organizations are able to stay ahead of an increasingly complex and competitive workforce management environment. VISION Trusted partner delivering unrivaled excellence in HR services VALUE PROPOSITION Farm Credit Foundations delivers the best total value in HR services, enabling those we serve to be the employers of choice for those who serve Rural America. BUSINESS PRINCIPLES We are guided by our business principles: Collaboration – Working hand-in-hand with the employers and businesses we serve Excellence – Committed to excellence in everything we do Trusted Partner – Building trusted and enduring relationships Passion to Serve – Proudly and passionately serving Farm Credit and the employers who serve rural America 2020 Annual Report View Annual Report How We Serve You Governance Participating Employers Bringing employers together in Farm Credit Foundations has created significant economies of scale, enabling all participating employers regardless of size to collectively gain negotiating power in the benefits marketplace. By consolidating our purchasing power, we can better manage the escalating costs of benefits and related services. Consolidation also brings savings through centralized operations/resources, pooling the plans’ investment assets, and having access to a broader set of HR-related expertise and services. Employers could not achieve this level of savings or reach on their own. Economies of scale allows our clients to provide a competitive benefits package with reputable HR services and health and wellness providers that are attractive and easy to communicate to plan participants. This creates a robust and attractive platform for current and future Farm Credit employees. Centralized administration also brings great economies of scale and significant risk reduction by ensuring compliance with plan documents and legislative requirements. Having a center of excellence which manages all operations related to benefits and payroll creates greater consistency and reinforces a shared services culture that fits the Farm Credit values and culture. Employers have access to a range of workforce management services on a user-pay basis. These services include compensation consulting, affirmative action plans, and an online performance management system that aligns performance objectives and reviews with salary administration. Foundations Consulting researches best practices in the human capital arena and offers employers customized services to audit their HR policies and environment, ensuring they are not only compliant, but competitive. The Foundations team has experts on site across the full spectrum of HR benefits, operations and Foundations Consulting. Employers and their employees have quick and easy access to answers across the full spectrum of services, from the routine questions, all the way to specialized problem solving support for those unique and often overwhelming situations. Privacy and Terms of Use • California Consumer Privacy Notice • © 2021 Farm Credit Foundations If there is a conflict or any inconsistency between this website and the terms and provisions of the respective benefits plans, the terms and provisions of the plans control CONNECT WITH US