|
The Internet provides fast, money-saving ways for CFC owners to
manage their financial portfolios.
CFC's site on the World Wide Web (www.nrucfc.coop)
provides basic information on CFC, as well as links to other
cooperative Web pages such as NRECA's site
and Cooperative.com.
Most important to CFC owners, however, the CFC Web site serves
as the gateway to the CFC Extranet,
a powerful online members-only tool for managing loans and investments,
and for obtaining up-to-date information on the utility and finance
business environment.
[top]
The Extranet is CFC's powerful members-only web site that offers
relevant business information and allows owners to monitor their
loan and investment status, invest funds, reprice long-term fixed-rate
loans, and obtain loan advances. The loan and investment functions
are all online and are protected by the super-secure CFC PASSPORT™
electronic access card system. The Extranet is a time and money-saving way to manage
an electric cooperative's financial portfolio.
- Invest in CFC Commercial
Paper, Medium-Term
Notes, or the Daily
Fund.
- Obtain line-of-credit advances online.
- Reprice long-term fixed-rate loans online.
- Pay bills online through CFC e-Pay.
- Manage cash flow from CFC loans and investments
through CFC e-Cash Manager.
- Access to owner financial activity, including investment and
loan records.
- Review online loan term sheets and rate spreadsheets showing payment
and interest levels at various loan maturities.
- Print audit confirmation reports for submission
to owner auditors.
- Download CFC COMPASS™
and certain other financial management software.
- Update owner contact information.
- View postings of CFC interest rates.
- Access member-only business information.
- CFC periodicals and information products.
- Access CFC meeting and conference presentations.
- View KRTA report.
- Review amortization schedules.
- Go to our Home Page.
- At the top left-hand corner, you will see the Extanet Login. You can also log in by clicking on the Extranet Login at the top
right-hand corner of any public page on this site.
- Type in your user name and password (you can get your user
name and password by registering
online).
- You'll need a CFC PASSPORT security card to access the payment
and investment functions.
[top]
The super-secure CFC PASSPORT system provides high-level protection
for owners ready to invest their surplus cash and receive loan
advances online. CFC PASSPORT is a credit-card size electronic
key, programmed to respond only to certain employees' Personal
Identification Numbers and encrypted to prevent unauthorized transactions.
The CFC PASSPORT card is issued free to CFC owners.
[top]
Owners can invest cash surpluses online through CFC's Extranet
by using the CFC PASSPORT security system. Money invested in CFC
Commercial Paper, Medium-Term Notes, or the Daily Fund begins
earning interest immediately. Owners can also access CFC e-Pay, e-Cash Manager, and QuickDraw services online.
CFC's online investment services are free to all CFC members.
- Immediate investment online saves time and earns additional
interest on cash surpluses.
- CFC PASSPORT access protection ensures maximum security.
- Online investments are recorded and tracked electronically
to become part of the owner's activity profile, also available
on the Extranet.
- Ability to arrange to borrow or invest when the CFC Money Desk is not open.
[top]
Owners can receive line of credit advances through online transfers
arranged over the Extranet with the super-secure protection of
the CFC PASSPORT. Advances are received quickly and with fewer
administrative costs.
- Just-in-time receipt of funds allows borrowers to shave interest
costs.
- CFC PASSPORT access protection ensures maximum security.
- Online loan advances are recorded and tracked electronically
to become part of the owner's activity profile, also available
on the Extranet.
[top]
With CFC e-Pay you're using the state-of-the-art Passport card
for all of your online transactions. E-Pay is our expanded, online
Paying Agent Service. Using the CFC Passport Card, owners can use their
maturing CFC investments (from Commercial Paper, Medium Term Notes,
or Daily Fund) or use their CFC line of credit to pay power bills,
vendors or even their CFC and RUS quarterly payments. With a few
simple clicks, they can also reinvest funds into the CFC investment of their choice.
Payments can only be made through banks pre-selected by your
co-op. We also have our security system tested on a regular basis.
On our most recent audit, Price Waterhouse Cooper gave the CFC
Passport system high marks for it's online security.
Unlike similar services offered by our competition, e-Pay
is absolutely free to CFC members. For more information please
contact the CFC Money Desk at 1-800-424-2955.
* While each online user will need to register individually,
only one board Resolution per CFC owner cooperative is necessary.
[top] QuickDraw allows CFC owners to automatically withdraw funds for Commercial Paper and Daily Fund investments directly from their bank accounts. This eliminates an owner's need to call their bank to transfer funds. CFC owners can use QuickDraw for Money Desk as well as PASSPORT transactions.
Please note that the Application/Enrollment form is generated by the Money Desk Staff and is unique to your coop. The Depository Wire Transfer Application Form and the Application/Enrollment Form must be returned together to the Money Desk in order for your application to be accepted.
You may download the Depository Wire Transfer Application Form below. Please contact the Money Desk for your individualized Application/Enrollment Form.
For more information on QuickDraw, please see the Frequently Asked Questions and the Depository Wire Transfer Application Form.
Application Process
Complete both the QuickDraw Authorization Form and the Depository Transfer Wire Authorization.
Then send both completed forms back to:
CFC
c/o Money Desk
2201 Cooperative Way
Herndon, VA 20171-3025
Once we receive confirmation from Bank One in Chicago we will contact you to
inform you that your QuickDraw account has been activated.
[top]
|
