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To finance its growing capital needs, the electric cooperative
program began in the mid-1960s to seek alternative financing
sources to supplement the lending programs of the Rural
Electrification Administration (REA), which later became
the Rural Utilities Service (RUS).
In 1967, the National Rural Electric Cooperative
Association (NRECA) proposed the creation of a not-for-profit
financing
institution that would be cooperatively owned by the rural
electric cooperative network. NRECA members approved this
plan and CFC was incorporated on April 10, 1969. The following
video clips showcase various aspects of CFC’s
history.
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