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Co-ops At Work

Rural Lender Celebrates a Century of Service

Capital Farm Credit shares co-op commitment

Twenty years before electric cooperatives began improving the quality of life in rural Texas by providing electricity, farmers and ranchers could bank on another type of co-op. Capital Farm Credit began providing agricultural loans after President Woodrow Wilson signed the Federal Farm Loan Act in 1916.

Capital, which receives electricity from Bryan Texas Utilities at its headquarters, offers financing to support borrowers of all sizes and celebrates its 100th anniversary in July. It is owned by its members, just like electric co-ops, and operates especially with them in mind in 192 Texas counties.

“Capital Farm Credit is committed to helping rural communities and agriculture thrive, in good times and bad,” says Jeff Moder, Capital’s director of marketing and communications.

Based on 2015 earnings, Capital returned $56.7 million in cash to members through its patronage dividend program.