Formed in 1969, Cooperative Finance Corporation (CFC) is a privately owned, non-governmental organization that provides state-of-the-art financial products to its members. CFC is a member-owned, nonprofit cooperative.

National Rural Utilities Cooperative Finance Corporation (CFC) provides financial and business management services to its approximately 1,000 electric cooperative distribution and power supply system member/owners across the US.

It is a lender for the nation’s electric cooperatives. We provide financing and related services to Rural Utility Services 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.

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, 2012, CFC's loans and guarantees outstanding totaled $20.2 billion. As of May 31, 2012, CFC members had more than $4.5 billion invested in CFC. For more information, please see CFC's FY2012 10-K Report.