CFC Delivers Nearly $48 Million in Patronage Capital

Fiscal Year 2018

CFC recently retired and distributed close to $48 million to members, representing half of the fiscal year 2018 patronage capital allocation. This marks the 39th calendar year in a row CFC has returned capital credits, with nearly $1.7 billion paid to member-owners since 1980.

The 833 systems receiving distributions had the option of receiving a mailed check or wire transfer or putting the money into a CFC investment product.

Recipients also could make voluntary donations to the Cooperative System Integrity Fund using all or a portion of their retirement. More than 400 systems elected to contribute a total of $735,805 to the fund, which assists electric cooperatives to:

·       Fight takeover and annexation attempts by investor-owned utilities and municipal electric systems;

·       Preserve their right to offer non-electric energy services; and

·       Combat regulatory, judicial or legislative issues that threaten a cooperative’s existence under the cooperative business model.

Packets that include CFC patronage capital certificates and checks were mailed to members on Aug. 30. Wire transfers also were sent that day.