Southern Colorado Code of Ethics for Officers

Farm Credit of Southern Colorado, ACA

Code of Ethics for Chief Executive Officer and Other Officers

Farm Credit of Southern Colorado, ACA (Association) and its directors, officers and employees are committed to conduct business in accordance with the highest ethical standards as set forth in the Standards of Conduct Policy, which is applicable to the directors, officers and employees relating to ethical conduct, conflicts of interest, and compliance with the law.

This Code of Ethics applies to the Chief Executive Officer (CEO), the Chief Financial Officer, the Chief Credit Officer, the Chief Operating Officer or other Association Professionals as determined by the CEO, who are instrumental in accomplishing accurate and complete financial reporting. Farm Credit of Southern Colorado, ACA is responsible for the preparation and distribution of its financial statements and related disclosures and for providing relevant information that is true, accurate and complete to U.S. AgBank, FCB (AgBank) for use in preparing the Farm Credit System financial statements and related disclosures. Farm Credit of Southern Colorado expects all of its employees to act in accordance with the highest standards of personal and professional integrity in all aspects of their activities, to comply with all applicable laws, rules and regulations, to deter wrongdoing, and abide by its Standards of Conduct Policy and other policies and procedures adopted by the Association that govern the conduct of its employees. This Code of Ethics is intended to supplement the Association Standards of Conduct Policy.

In agreeing to this Code of Ethics, each employee pledges and agrees to: a. Engage in and promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships. b. Avoid conflicts of interest and disclose to the Association Standards of Conduct Official or CEO or Association Audit Committee any material transaction or relationship that you have that reasonably could be expected to give rise to a conflict, or the appearance of a conflict of interest. c. Take all reasonable measures to protect the confidentiality of non-public information about the Association and its customers obtained or created in connection with its activities and to prevent the unauthorized disclosure of this information unless required by applicable law or regulation or legal or regulatory process. d. Produce full, fair, accurate, timely and understandable disclosure in Association financial statements and related financial reports or communications, as well as Association reports and documents filed with, or submitted to AgBank or the Farm Credit Administration. e. Comply with applicable governmental laws, rules and regulations, as well as the rules and regulations of self-regulatory agreements to which the Association is a party. f. Promptly report any possible conflicts of interest or other possible violation of this Code of Ethics by you or by any other employee, officer, or director to the Association Standards of Conduct Official or Association Audit Committee. If this violation is potentially material to the System financial statements, the individual contacted will notify the CEO, Standards of Contact Official and Association Audit Committee. g. Reporting a possible violation to the CEO, Association Standards of Conduct Official or Association Audit Committee in connection with this Code of Ethics will be accomplished through the Association Whistleblower Program, which ensures the employee may remain anonymous.

In agreeing to this Code of Ethics, you understand you are prohibited from directly or indirectly taking any action to fraudulently influence, coerce, manipulate or mislead the Association's independent public accountant for the purpose of rendering the financial statements of the Association misleading. Further, your actions at all times shall be constructive to the process of generating timely and accurate financial reporting. In addition, you understand that you will be held accountable for adherence to the Code of Ethics and that your failure to observe the terms of this Code of Ethics may result in disciplinary action, up to and including termination of employment. A violation of the Association Code of Ethics may also constitute a violation of law and may result in civil and criminal penalties for you, your supervisors or Farm Credit of Southern Colorado, ACA.

For your information, all possible violations reported will be investigated. Any actual violation of this Code of Ethics will be reported to the Farm Credit of Southern Colorado, ACA Board of Directors, along with the corrective action plan with respect to the actual violation.

If you have any questions regarding the best course of action in a particular situation, the Association Standards of Conduct Official should be promptly contacted.

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