The National Cooperative Services Corporation (NCSC), a privately funded, member-owned cooperative that began operation in 1981, provides specialized financing services to electric cooperatives. NCSC is an affiliate of National Rural Utilities Cooperative Finance Corporation (CFC).
Governed by its own 10-member board of directors, NCSC's goals and objectives are closely aligned with those of CFC. NCSC lends to its members which includes subsidiaries and affiliates of members whose activities benefit the cooperative network. NCSC provides:
Over the years, NCSC has helped cooperatives finance infrastructure in transactions ranging from original power plant leases to loans for acquisitions. It has also helped cooperatives expand their reach through loans for telecommunications, non-electric products and economic development.
NCSC operates under a management services agreement with CFC and obtains funding through loans from CFC. Together, the two organizations provide an extensive array of financial products and services that offer value to the rural utility network.