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.