NCSC held its 43rd Annual Membership Meeting June 17 in Indianapolis during CFC Forum 2024. NCSC Board President Kathy Cooper-Winters, vice chair for Northwestern Rural Electric Cooperative Association, presided over the first NCSC annual meeting since its consolidation last December with the Rural Telephone Finance Cooperative. She highlighted the first loan to a telecom member, project financing over the last fiscal year and preliminary financial results.
“Not only is NCSC now a larger organization with more loans outstanding, the consolidation is expected to bring cost-saving efficiencies that will lead to lower expenses as a percentage of loans outstanding,” Cooper-Winters said during the President’s Report. “Since the closing of the consolidation, NCSC has begun issuing financing to its new broadband/telecommunications utility members.”
She shared the details of the first NCSC telecom loan that went to Scott County Telephone Cooperative and will allow the southwest Virginia and northwest Tennessee-based cooperative to match state and federal grants to build fiber broadband infrastructure to underserved communities.
“I want to thank my fellow board members for their support and unfailing commitment to make NCSC the vital organization it continues to be,” Cooper-Winters said. “All of us at NCSC look forward to meeting the future needs of our membership.”
Shortly after the annual meeting, the NCSC Board of Directors selected the following officers for the coming year:
Cozy Nelsen, CEO
Guthrie County Rural Electric Cooperative (IA)
Steve Rhodes, CEO
CHELCO (FL)
Jeremy Diller, Director
Bandera Electric Cooperative (TX)
NCSC members elected three newcomers and reelected five directors to the board at the NCSC Annual Membership Meeting (* reflects an incumbent).
DISTRICT 1
Nelson Smith, Director
The Energy Cooperative (OH)
DISTRICT 2
Pat Hargadon, Director
Shelby Energy Cooperative (KY)
DISTRICT 3
Cozy Nelsen*, CEO
Guthrie County Rural Electric Cooperative Association (IA)
DISTRICT 4
Bruce Mueller*, CEO and General Manager
Wheatland Electric Cooperative (KS)
DISTRICT 5
Tyson Littau*, CEO and General Manager
Northwestern Electric Cooperative (OK)
DISTRICT 1
Jason Miller*, General Manager
Delhi Telephone Cooperative (NY)
DISTRICT 3
John Klatt*, President and CEO
Lakeland Communications (WI)
DISTRICT 5
Toney Prather, President and Owner
Totelcom Communications (TX)