Cooperative Finance Corporation (CFC)

Cooperative Finance Corporation (CFC) The National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU, NRC) is a nonprofit finance cooperative created and owned by America's electric cooperative network.
CFC (NYSE: NRU, NRC) was established in 1969 as a source of private financing for rural electric cooperatives to supplement the loan programs of the U.S. Department of Agriculture’s Rural Utilities Service (USDA/RUS). CFC is not a government-sponsored enterprise. However, CFC and its telephone affiliate, RTFC, have forged an effective public/private partnership with USDA/RUS. This partnership enables CFC's utility borrowers to access an array of financing options in addition to those provided by the federal government. CFC is committed to improving the quality of life and enhancing economic opportunity in the communities served by its member rural utility systems. Today, CFC is the largest private lender to rural electric systems. CFC makes loans to its member systems to enable them to acquire, construct and operate electric distribution, generation, transmission and related facilities.

Twitter: http://twitter.com/coopfinancecorp YouTube: http://www.youtube.com/user/CoopFinanceCorp NYSE: NRU, NRC, NRN We welcome your thoughts and opinions, but inappropriate comments will be removed.

Mission: To bridge the financial needs of the rural electric network with the expectations of the global capital markets, one cooperative at a time.

Operating as usual

Indiana Electric Cooperatives
08/26/2020

Indiana Electric Cooperatives

Student Directors Help Drive Member Engagement

Cooperative Finance Corporation (CFC) recently held one of its first in-person strategic planning sessions for a member since the start of the COVID-19 pandemic. The two-day event for Rochester, Indiana-based Fulton County REMC was also notable for the attendance of the cooperative’s two student board members.

“We’ve been trying to find ways to interact and learn from our younger members, and this program gives us access to future members and the opportunity to see what is important to their generation,” Fulton County REMC CEO Joe Koch said.

https://goiec.org/3aSffVU

CFC/NCSC offices will be closed Friday, July 3, in observance of Independence Day. We wish all of our members, employees...
07/02/2020

CFC/NCSC offices will be closed Friday, July 3, in observance of Independence Day. We wish all of our members, employees, families and the communities we serve a safe and festive Fourth of July.

CFC Board Director Bradley Schardin gave a CFC update for the South Dakota Rural Electric Association at their summer bo...
06/30/2020

CFC Board Director Bradley Schardin gave a CFC update for the South Dakota Rural Electric Association at their summer board meeting. While there, Brad presented SDREA Board president with an Education Fund check. Since 1981, CFC has contributed to an Educational Fund to promote appreciation of the cooperative principles and make a new generation aware of our unique business model. Nearly $14 million has been distributed through electric cooperative statewide associations to assist in educational efforts, create youth programs, fund scholarships and more.

CFC has a deep commitment to supporting the communities that we live and work in across the country. We launched the CFC...
06/10/2020

CFC has a deep commitment to supporting the communities that we live and work in across the country. We launched the CFC COVID Matching Donation program in April to double our impact. Fifty-one CFC employees contributed to 28 non-profit organizations and CFC matched their contributions for a total of $8,504. #InThisTogether #ConcernforCommunity

As the COVID-19 pandemic continues to disrupt communities across the country, CFC thanks our member-owners for keeping t...
06/02/2020

As the COVID-19 pandemic continues to disrupt communities across the country, CFC thanks our member-owners for keeping the lights on and supporting their member-consumers. CFC continues to support our dedicated members and electric cooperative network. #InThisTogether

CFC offices will be closed on Monday, May 25 in observance of Memorial Day. We honor and remember the men and women who ...
05/25/2020

CFC offices will be closed on Monday, May 25 in observance of Memorial Day. We honor and remember the men and women who served our country with bravery and courage.

Cooperative Development Foundation
04/03/2020

Cooperative Development Foundation

No matter the disaster CDF and the co-op community can count on Cooperative Finance Corporation (CFC) to provide assistance. Many cooperators worldwide have benefited from their past generosity. We thank them for their continued support for the Disaster Recovery Fund and for helping us get co-ops affected by COVID-19 back to business.

Since its inception in 2017, the CFC and NCSC International Projects Matching Grants Program has awarded more than $1 mi...
03/03/2020

Since its inception in 2017, the CFC and NCSC International Projects Matching Grants Program has awarded more than $1 million to statewide associations that sponsor electrification projects around the world.

CFC Gov. Sheldon Peterson (center) presents checks totaling $95,000 to sponsor about half of the costs of Montana’s electrification project to bring electricity to a village in Bolivia. The funds were presented today to NRECA Vice President Chris Christensen (left) and MECA CEO Gary Wiens. Mr. Christensen is a trustee at NorVal Electric Cooperative in Glasgow, Montana. The funds come as a crew from Montana works this week in Bolivia on the electrification project.

Cooperative Finance Corporation (CFC)'s cover photo
02/14/2020

Cooperative Finance Corporation (CFC)'s cover photo

Congratulations Touchstone Energy Cooperatives on yet another excellent NET Conference!  CFC staff enjoyed meeting with ...
02/13/2020

Congratulations Touchstone Energy Cooperatives on yet another excellent NET Conference! CFC staff enjoyed meeting with cooperative members and their business customers. We can’t wait to see what is in store NEXT!

CFC recently said goodbye and good luck in retirement to Senior Vice President of Strategic Services Steve Kettler. Stev...
01/14/2020

CFC recently said goodbye and good luck in retirement to Senior Vice President of Strategic Services Steve Kettler. Steve joined CFC in 2001 and has spent the last five years developing the Strategic Services group, which has offered nearly 400 strategic planning sessions to members since its inception. CFC District 6 Director Brad Schardin, general manager of Southeastern Electric Cooperative in South Dakota, presented Steve and his wife Carol with a photo in recognition of his 40+ years of dedication to the electric cooperative network. Steve and Carol look forward to returning to Minnesota and spending time with family.

This future co-op leader had a great time at IBES where he met basketball legend Earvin "Magic" Johnson. He shared a pho...
11/18/2019

This future co-op leader had a great time at IBES where he met basketball legend Earvin "Magic" Johnson. He shared a photo he drew of the star and received a high-five in return.

CFC would like to thank all active duty and retired military, especially our employee Veterans, some of whom are feature...
11/11/2019

CFC would like to thank all active duty and retired military, especially our employee Veterans, some of whom are featured in this photo, for their service. Learn more about how cooperatives empower veterans and military spouses at www.servevets.coop.

#VetsPowerUs #veteransday2019

CFC employees enjoyed a recent visit to Choptank Electric Cooperative in Denton, Maryland, where they toured one of the ...
11/04/2019

CFC employees enjoyed a recent visit to Choptank Electric Cooperative in Denton, Maryland, where they toured one of the co-op's more unique members, a turtle farm, and were reminded of the dangers of downed electric lines during a hot line demonstration. Thanks, Choptank, for hosting us!

CFC employees participated in a variety of events throughout October. While the official National Co-op Month may have d...
11/01/2019

CFC employees participated in a variety of events throughout October. While the official National Co-op Month may have drawn to a close, at CFC every month is Co-op Month. Electric cooperatives founded us 50 years ago, and we exist exclusively to serve them. #GoCoop

Learn more about CFC's history at: https://www.nrucfc.coop/content/nrucfc/en/about-cfc/cfc-50th-anniversary.html

Representatives from Adams Electric Cooperative, Inc., NOVEC and Rappahannock Electric Cooperative visited CFC headquart...
10/21/2019

Representatives from Adams Electric Cooperative, Inc., NOVEC and Rappahannock Electric Cooperative visited CFC headquarters last week to participate in a panel presentation for employees on "Co-op Community Challenges and Opportunities." CFC staff enjoyed learning more about the visiting cooperatives while being reminded that no two cooperatives are exactly alike.

We had a wonderful time last weekend celebrating National Co-op Month by participating in the Cooperative Development Fo...
10/11/2019

We had a wonderful time last weekend celebrating National Co-op Month by participating in the Cooperative Development Foundation's Co-op 5k. CFC boasted the largest team in attendance and even took home gold for "Quickest Co-op!"

CFC employees had a great time today teaming up with NOVEC and NOVEC HELPS on their 2019 Day of Caring. Just like our me...
10/10/2019

CFC employees had a great time today teaming up with NOVEC and NOVEC HELPS on their 2019 Day of Caring. Just like our members, we are always inspired by the two cooperative principles of “Cooperation Among Cooperatives” and “Concern for Community.” #CoopMonth #CFCCares

Volunteers from NOVEC, NOVEC HELPS and Cooperative Finance Corporation (CFC) joined forces to give back to the community for the 2019 Day of Caring! The volunteers painted, power washed, cleaned and did yardwork to help revamp two CRi residence locations.

CRi supports and provides resources to individuals with developmental disabilities & mental health needs, and has served the community for 45 years. Learn more at mycri.org. #community #volunteering

Ron Meyer, Loudoun County Government Supervisor for the Broad Run District, stopped by to present CEO Sheldon Petersen a...
08/29/2019

Ron Meyer, Loudoun County Government Supervisor for the Broad Run District, stopped by to present CEO Sheldon Petersen and the entire CFC team with a resolution commending the work we do and our success in serving rural America. Thank you, Loudoun County, for serving as CFC's home these past eight years.

08/20/2019
Building a Brighter World - NC Co-op Linemen Electrify Bolivia

Thanks to support from CFC and NCSC, lineworkers from seven North Carolina electric cooperatives recently traveled to Laphia, Bolivia, to bring electricity for the first time to a remote mountain village. Villagers honored the Tarheel State lineworkers by presenting them with red blankets, wool hats and flowers in a celebration.

CFC and NCSC provided grants to North Carolina's Electric Cooperatives and its Brighter World Initiative to help fund the trip. Check out the video of trip highlights!

In 2019, volunteers from N.C. electric co-ops brought first-time electricity access to Laphia, Bolivia -- and it changed the lives of the villagers and our v...

During the recent annual meeting of the Virginia, Maryland and Delaware Association of Electric Cooperatives (VMD, state...
08/15/2019

During the recent annual meeting of the Virginia, Maryland and Delaware Association of Electric Cooperatives (VMD, statewide), two Virginia cooperative chief executives—NCSC Board President John Lee, left, CEO of Mecklenburg Electric Cooperative, and CFC Board President Kent Farmer, second from right, CEO of Rappahannock Electric Cooperative—were honored with VMD board resolutions for their service in leading the two national organizations at the same time, a first for any state. Honoring the pair from left are Herbert Patrick, VMD board president and a director from Prince George Electric Cooperative, CFC Regional Vice President Jim Meiers, and Marcus Harris, CEO of Old Dominion Electric Cooperative (G&T).

08/13/2019

CFC employees recently celebrated CFC's 50th Anniversary, including a special appearance from CFC retirees.

Our core values of service, integrity and excellence have helped provide the electric cooperative network with financing over the past 50 years. We want to take a moment to thank each team member who has helped contribute to our mission.

CFC employees donated items and their time to sort and pack kids snack bags for Northern Virginia Family Service (NVFS)....
08/05/2019

CFC employees donated items and their time to sort and pack kids snack bags for Northern Virginia Family Service (NVFS). Over 300 bags were packed with nutritious snacks that will go to hungry kids in our local community. #CooperativePrinciples #Community

CFC Senior Vice President of Strategic Services Steve Kettler, center, presents more than $13,000 in combined CFC Educat...
07/31/2019

CFC Senior Vice President of Strategic Services Steve Kettler, center, presents more than $13,000 in combined CFC Educational Fund and NCSC Cooperative Youth Education Grant Program checks to Robert Grant, left, president of the North Dakota Association of Rural Electric Cooperatives (NDAREC) Board of Directors and a director with Mountrail-Williams Electric Cooperative, a 100 percent CFC borrower, and Josh Kramer, right, NDAREC executive vice president and general manager, during a recent NDAREC meeting.

#CFCForumRecap #CFCForum2019 — Ian Bremmer, president and founder of Eurasia Group and TIME magazine foreign affairs edi...
07/29/2019

#CFCForumRecap #CFCForum2019 — Ian Bremmer, president and founder of Eurasia Group and TIME magazine foreign affairs editor-at-large, highlighted ways world political developments and national security dynamics move markets and shape
global investment.

“Services and manufacturing are still global, but supply chains are going to shrink. The gravity that was moving markets in a global direction has shifted toward local markets.”

Happy #NationalInternDay! This year, we had four very talented interns with diverse interests.Colton Parr, far left, a f...
07/25/2019

Happy #NationalInternDay! This year, we had four very talented interns with diverse interests.

Colton Parr, far left, a finance and accounting major at Benedictine College in Kansas and Jared Hawkins, far right, a finance and accounting major at Penn State, split the summer between our Member Services Group and Treasury & Finance Group. Daniel Bischoff, center left, a digital advertising major at LSU, worked with our Corporate Relations Group. Caroline Bryan, center right, an aspiring lawyer and English major at UVA, gained experience working with our legal department.

Daniel had this to say of his experience this summer “CFC is an amazing place to work. They care not only for their members, but their employees. I hope one day I can work for an organization like CFC!”

#CFCForumRecap #CFCForum2019 — In a compelling interview, Major League Baseball executive and Hall of Famer Joe Torre di...
07/25/2019

#CFCForumRecap #CFCForum2019 — In a compelling interview, Major League Baseball executive and Hall of Famer Joe Torre discussed lessons on how to lead for success. Throughout a remarkable 18-season major league playing career he hit more than .300 five times, won the 1971 National League Most Valuable Player Award and was a nine-time All-Star. As a manager over more than 28 seasons, his dugout legacy was cemented during 12 seasons with the New York Yankees where his teams captured four World Series titles, six American League pennants and playoff appearances every year.

“I always managed with the belief that you set the same expectations for everyone, but you manage differently based on the personality of the player."

During the recent Idaho Consumer-Owned Utilities Association (statewide) Annual Meeting, CFC Director Doyle Jay Hanson, ...
07/23/2019

During the recent Idaho Consumer-Owned Utilities Association (statewide) Annual Meeting, CFC Director Doyle Jay Hanson, left, from Fall River Rural Electric Cooperative, and CFC Associate Vice President Colleen Taylor, second from left, presented $12,800 in combined CFC Educational Fund and NCSC Cooperative Youth Education Grant Program checks to Will Hart, statewide executive director. Looking on from right are NCSC Board Vice President James Webb, president and CEO of Lower Valley Energy in Wyoming, and Robert Boren, former NCSC director from Salmon River Electric Cooperative.

CFC hosted some of rural America's best and brightest young minds on July 16. Youth Leadership Council (YLC) members vis...
07/18/2019

CFC hosted some of rural America's best and brightest young minds on July 16. Youth Leadership Council (YLC) members visited CFC offices in Dulles, Virginia, as part of their introduction to electric cooperative financing. Members of YLC—an annual working group made up of one outstanding Rural Electric Youth Tour student selected from each state—are given hands-on opportunities to broaden their understanding of electric cooperatives and participate in resolutions and grassroots advocacy activities during the NRECA Annual Meeting.

Many electric cooperative statewide associations use funds from the NCSC Cooperative Youth Educational Grant Program to support Youth Tour activities.

We had a great time at #CFCForum2019. It was a wonderful event filled with networking, information and cooperation. Stay...
07/15/2019

We had a great time at #CFCForum2019. It was a wonderful event filled with networking, information and cooperation. Stay tuned for our #CFCForumRecap.

Make sure to mark June 15-17 2020, in your calendars for Forum 2020 in Salt Lake City, Utah!

Recently, CFC was gifted this handcrafted American flag created by Matthew Kulwicki, son of CFC Regional Vice President ...
07/04/2019

Recently, CFC was gifted this handcrafted American flag created by Matthew Kulwicki, son of CFC Regional Vice President Billy Kulwicki. Matthew works in the IT department at Trinity Valley Electric Co-op in Kaufman, Texas. #CooperativeFamily

CFC is proud to serve electric cooperatives in 49 states across the United States. Happy Independence Day!

CFC CEO Sheldon Petersen discussed how electric cooperatives can best respond to a new era of disruption and ensure co-o...
07/02/2019

CFC CEO Sheldon Petersen discussed how electric cooperatives can best respond to a new era of disruption and ensure co-ops remain vibrant for many years to come. #CFCForum2019

“The dynamics of today’s electric utility sector are unlike any we’ve seen before. The velocity of change and the increasing number of disruptive forces continue to confound expectations.”

Address

20701 Cooperative Way
Dulles, VA
20166

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Telephone

(703) 467-1800

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