RTFC is funded by and affiliated with the National Rural Utilities Cooperative Finance Corporation (CFC) through operating and management agreements. CFC has been in the business of financing rural electric cooperatives for 45 years and, today, has about $21 billion of loans and guarantees outstanding to America's rural utility industry.
CFC and telephone industry leaders created RTFC in 1987 to provide financing for rural telephone companies and their affiliates.
CFC is a member-owned nonprofit cooperative. It was organized in 1969 to raise funds from the private capital markets to supplement the loan programs for electric cooperatives offered by the Rural Utilities Service (RUS), previously Rural Utilities Administration.
Today, CFC is the premier private market lender for the nation’s electric cooperatives, providing financing and related services to RUS borrowers and non-borrowers alike. CFC’s loans help its members acquire, construct and operate the utility infrastructure needed to deliver services that improve the quality of life in rural areas. CFC provides credit enhancements, including letters of credit and guarantees of debt obligations, for its members as well as investment opportunities.
Together, CFC and its affiliates, RTFC and the National Cooperative Services Corporation, provide financing to more than 1,500 member organizations and affiliates in 49 states, the District of Columbia and two territories.
For more information about CFC or the financial services available to its electric cooperative members, visit CFC's website.