On July 17, 1916, President Woodrow Wilson signed into law the Farm Loan Act of 1916, creating the Farm Credit System that would grant loans to farm cooperative associations, allowing farmers to borrow from their local institution, using their land and improvements as collateral. Since then System associations have continued to look for ways to best meet the needs of their borrowers.  FCS Financial is no exception.

In 2002, Farm Credit Services of Eastern Missouri and Farm Credit Services of Western Missouri merged to form Farm Credit Services of Missouri. The two boards of directors realized the advantages to be gained and the need to grow in order to serve the marketplace. They set the wheels in motion to form what is today, Missouri's largest agricultural lender.

In 2006, Farm Credit Services of Missouri changed its name to FCS Financial as a way to recognize our heritage and, at the same time, embrace an even bigger role in shaping the rural landscape of today. FCS Financial has evolved with agriculture to provide its members the financial products and services they need to be successful.