If you have questions or need support, please browse our explanation of financial terms below or contact us directly.

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Loans & Bonds Terms

This is the amount available to borrow on the loan

For revolving loans, Available Balance is calculated by taking the commitment amount and subtracting your current principal balance. This is the amount that you have available to borrow. Non-revolving loans and fully disbursed loans may not have any available balance.

Total value of the investment account and loan balance available

Funds Held and Farm Cash Management are investment options on some loans. Depending on the loan, there may be a draw on the loan and an invested amount. This calculates the total of both the loan and the attached investment account.

Billed is a definite amount. Estimated values may change.

Values are estimated since many adjustments could be made even days before final billing to alter the calculations.

Amount of interest that is billed or estimated to be due

Billed interest is definitive. Estimated interest is a projected amount of interest assuming no changes to principal balance.

Amount of Principal that is billed or estimated to be due

Whether billed or estimated, the principal amount is accurate as of the 'Current Through' date

The date that all of the calculations were performed

All balances are as of this date.

The value of the interest accruing each day

Interest is accrued daily on the balance of the loan. Interest is calculated based off of the amortized balance on an amortized loan, or the principal balance on a non-amortized loan.

Funds that are invested in AgriBank as part of revolving loans

Farm Cash Management (FCM) can be a stand-alone account or a part of a revolving loan. It is an investment account that earns modest interest for you. When attached to a revolving loan, it simply holds overpayment funds or excess cash until you draw on it. FCM funds are always drawn down to $0 before available loan funds are used.

Funds that are invested in AgriBank as part of term loans

Funds Held is an investment account that can only hold funds equivalent to the loan balance on a term loan. It earns a modest interest rate. When a payment is due for the term loan, that billed amount will draw out of the Funds Held account. You have readily available access to Funds Held balance. It is not locked for any term.

Amount of interest earned on Funds Held account

The interest amount earned on the Funds Held amount

Current accrued interest on the loan

Total interest accrued on the loan as of the previous day.

Amount of interest paid in the prior year

A total of all interest and late fees paid as of last year.

Amount of total interest already paid year to date

A total of all interest and late fees paid as of the current year.

Amount of interest that was not paid by the last due date

If no payment is made or a partial payment is made, this is the interest portion that is due.

The established interest rate on the loan

Fees assessed due to late payment

This is the date that the loan matures and total value comes due

Amount of interest accrued on the Other Escrow amount

Funds that are deposited into Other Escrow earn interest on the balance daily until the balance has been depleted to zero.

Funds that have been set aside in an escrow account

When you borrow from Compeer, we have to fully disburse the amount on your loan within 90 days from rate lock (except on revolving loans). Sometimes loan expenditures do not get completed in this time period - think of a construction project. In these cases, we move funds to Escrow for future distribution for the intended purpose of the loan.

This is the projected payment amount due on the next payment date

This amount may change if you pay principal or interest early or borrow additional before the payment is due.

This is the date the Payment Amount will be due

Compeer expects to receive your next payment on or before this date.

Indicates the payment frequency

Depending on the loan agreement, these can be monthly, bi-monthly, quarterly, annually, or at final maturity. Other options may also be available, depending on the type of loan.

This is the unique number assigned to a Compeer client

You may have more than one CIF depending on the borrower/borrowing group. Compeer often asks for the CIF to identify you, simply because we are sure we get to the right accounts when we search by CIF. It's a good thing to have handy, and it may be required in some cases (like enrolling for Internet Banking). Don't worry, though. If you don't know it, we can work through that

This is the amount borrowed on the loan

This is the amount of money you have borrowed so far.

Amount of principal that was not paid by the last due date

If no payment is made or a partial payment is made, this is the remaining principal portion that is due.

The next date where the loan will be re-priced and evaluated

Depending on the loan, Compeer adjusts the interest rate to the market. This is the next date that will occur on this loan.

Money that has been deposited for Taxes and Insurance

Some loans require billed amounts for taxes and insurance. This shows the total amount of dollars that have been deposited into the account for that purpose.

Interest accrued on the Tax and Insurance Escrow amount

Funds that are deposited into Tax and Insurance Escrow earn interest on the balance daily until the balance has been depleted to zero.

This is the sum of the amount due on the account

It is generally calculated as follows: Principal Balance + Interest Balance + Late Fees + Billed Escrow - Escrow Deposits. This depends on the account and how it was set up. This can be viewed as a fairly accurate estimate of the total payoff amount.

Leases Terms

The date the lease was officially established

Fees assessed due to late payment

If the full payment is not made, late charges will be assessed on the past due amount.

Any other fees or charges are represented here

This could include, but is not limited to: purchase option, sales tax, other escrow, NSF fees, collection costs, and other miscellaneous fees.

Date the payment is due

Amount financed through the original lease agreement

This amount represents the cost of the asset being leased.

Amount that was not paid based on the last payment due date

This is the frequency of the rental payments due

This is the unique number assigned to a Compeer client

You may have more than one CIF depending on the borrower/borrowing group. Compeer often asks for the CIF to identify you, simply because we are sure we get to the right accounts when we search by CIF. It's a good thing to have handy, and it may be required in some cases (like enrolling for Internet Banking). Don't worry, though. If you don't know it, we can work through that.

The amount required to purchase the leased asset on the purchase option date

In order to transfer ownership of the asset to you, this 'Purchase Option Amount' must be paid.

Date the lease ends and the purchase option is due

The current rental payment due

If you are using a 'Variable' payment stream this may not accurately represent the next payment due.

Sales tax currently due

This represents any applicable sales tax assessed on the amount due.

Remaining rental payments not including the purchase option

Total of all charges currently due or past due

Includes all rental, tax, late charges and any miscellaneous charges due.

Investment Account Terms

Amount available in the investment account

Amount of interest earned in the investment account

This is the unique number assigned to a Compeer client

You may have more than one CIF depending on the borrower/borrowing group. Compeer often asks for the CIF to identify you, simply because we are sure we get to the right accounts when we search by CIF. It's a good thing to have handy, and it may be required in some cases (like enrolling for Internet Banking). Don't worry, though. If you don't know it, we can work through that.

This represents the aggregated value of stock associated with the Tax ID on this account. This may represent values from one or more CIFs. Stock for entities with other Tax IDs will show separately.

Financial Services Terms

This is the amount available to borrow on the loan

How the account will be paid

  • Bill to Customer – Please submit payment via check, cash or electronic payment to Compeer. You will need to schedule a payment using Internet Banking, write a check or deliver exact cash to a Compeer office.
  • Charge to Loan Principal – The billed amount will be added to your loan principal. This is an automatic payment.
  • Payment from Funds Held – The payment will come out of your Funds Held account. This is an automatic payment.
  • Payment from Tax/Insurance Escrow – The payment will come out of your Tax and Insurance Escrow. This is an automatic payment.

Amount due for the service or fee