CFC is a member-owned, nonprofit cooperative. It was organized in 1969 to raise funds from the capital markets to supplement the loan programs for electric cooperatives offered by the Rural Utilities Service (RUS), previously Rural Electrification Administration (REA).
Today, we are the premier market lender for the nation’s electric cooperatives. We provide financing and related services to RUS borrowers and non-borrowers alike. Our loans help our members acquire, construct and operate the utility infrastructure needed to deliver services that improve the quality of life in rural areas. We also provide credit enhancements, including letters of credit and guarantees of debt obligations, for our members.
As a cooperative, our goal is not to maximize our income but to offer our members affordable financial products and services, consistent with sound financial management. Our operations are grounded in the seven cooperative principles, and we adhere to our values of service, integrity and excellence.
Together, CFC and its affiliates, the National Cooperative Services Corporation (NCSC) and the Rural Telephone Finance Cooperative (RTFC), provide financing to 1,460 member organizations and affiliates in 49 states, the District of Columbia and two territories.
At May 31, 2011, our total gross loans and guarantees outstanding were $20.4 billion. As of May 31, 2011, our members' debt and equity investments in CFC totaled $4.5 billion. For more information, please see CFC's FY2011 10-K Report.
Vision, Mission & Values
CFC's vision is to be our owners’ most trusted financial resource. CFC's mission is to bridge the financial needs of the rural electric network with the expectations of the global financial markets, one cooperative at a time. CFC's values are service, integrity, and excellence.
Learn More »
Principles & Values of Cooperatives
Cooperative principles include voluntary and open membership; democratic member control; member economic participation; autonomy and independence; education, training and information; cooperation among cooperatives; and concern for community.
Learn More »
Our History
CFC was incorporated in 1969 as a nonprofit financing cooperative charged with raising funds from the capital markets to supplement REA lending programs.
Learn More »
Disaster Preparedness
CFC is prepared to restore essential business operations within 36 hours following a major disaster.
Learn More »
