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CFC manages and funds the Rural Telephone Finance Cooperative (RTFC), [5] an organization that provides financing to the rural telecommunications industry. CFC also manages and funds the National Cooperative Services Corporation (NCSC), [6] an organization that provides electric cooperatives with specialized financing services that supplement the financial services of CFC.
In the 1960s, the company moved from Chicago to Bloomington, Illinois, merged with Farm Bureau Service Company of Iowa to form FS Services, Inc., then merged Wisconsin Farmco Service Cooperative and Producers Seed Company into itself as well. FS Services and Illinois Grain Corporation merged in 1980 to form Growmark. [3]
The Rural Business-Cooperative Service is headed by an Administrator who reports directly to the Under Secretary for Rural Development, who in turn reports to the Secretary of Agriculture. Business & Cooperative Programs staff are headquartered in Washington, D.C., but the Agency has a presence in every state and U.S. territory. [1]
NTCA - The Rural Broadband Association (NTCA) is a membership association with the goal of improving communications services in rural America. With a membership comprising over 850 independent rural American telecommunications companies in 46 states, [ 1 ] [ 2 ] NTCA provides training and employee benefit packages to its members. [ 3 ]
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Harvest House Cooperative , another 14-member house, was also founded in 2001. Greenhouse ( Urbana ), a 9-member co-op, sprang from the ashes of the five-person Phoenix cooperative (2001-2010) in 2010, which had in turn sprung from the ashes of the previous Green House cooperative (1985-2001) in 2001.
A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are dividends paid on a member's investment in the cooperative.
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