The National Cooperative Services Corporation (NCSC) is a privately funded, member-owned cooperative that began operation in 1981. NCSC provides electric cooperatives with specialized financing services that supplement the financial services of the National Rural Utilities Cooperative Finance Corporation (CFC). Together, the two organizations provide an extensive array of financial products and services that offer value to their members.
NCSC is governed by an 11-member board of directors and operates under a management services agreement with CFC. NCSC provides:
- Financing in support of for-profit subsidiaries of electric cooperatives
- Business solutions to help cooperatives run their businesses more efficiently
- Transitional and permanent financing for acquisitions and other special projects
- Financing for cooperative partners
NCSC obtains funding through loans from CFC or from the capital markets under a CFC guarantee. NCSC provides financing at competitive rates, including short- and long-term loans with fixed or variable interest rates for periods ranging from one month to 30 years and working capital lines of credit for up to five years. In addition to its standard programs, NCSC provides customized loans tailored to the specific needs of a particular project.