Fayette Electric And CoBank Continue Charitable Efforts
Through the Sharing Success Charitable Contribution Program, Fayette Electric Cooperative recently presented four area nonprofit organizations with donations.
This year, the Lavaca Assistance Ministry Body (LAMB) of Hallettsville received $5,000 to help provide basic food items to households in need through the LAMB Manna Food Pantry. Serenitystar in Smithville received $8,000 that will help provide a safe, sober environment for individuals recovering from addiction. The Texas Ramp Project-Fayette County received $5,000 to purchase pressure treated lumber and hardware to build ADA-compliant wheelchair ramps for low-income adults and individuals with disabilities. The Pilot Club of La Grange received $2,000 to assist with their project, “Time Well Spent with Friends”, that brings Pilot Club and Anchor Club members together to provide programs for the area’s special needs adults and their caregivers.
The Sharing Success Charitable Contribution Program is a partnership between FEC and CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, and one of FEC’s lending partners. The program was started in 2012 as a way to give back to co-ops and the nonprofits they support. Aimed at supporting local communities and people, the Sharing Success Grant Program matches FEC’s charitable contributions to local nonprofit organizations. Since the program’s inception, CoBank and its customers have together provided more than $50 million in support to nonprofit organizations across the nation.
“Since the COVID-19 pandemic caused financial strain on communities, organizations that rely on donations were hit hard. Thanks to CoBank’s generous support of a $10,000 matching grant this year, we will be able to provide financial assistance to four organizations that provide services in the communities that we serve,” said FEC General Manager Gary Don Nietsche.
“CoBank is proud to partner with Fayette Electric Cooperative to support these important organizations. Supporting the causes and organizations our customers care about most is a great way for the bank to make a positive impact and fulfill our mission of service to rural America,” added Mike Cowley, Vice President, CoBank Electric Distribution Division.
Organized in 1937, Fayette Electric Cooperative provides reliable, cost-effective service to over 10,000 member’s residences, farms, ranches and businesses in portions of Fayette, Bastrop, Lee, Washington, Austin, Colorado and Lavaca Counties. FEC owns and operates over 2,950 miles of line and serves over 15, 300 meters.
CoBank is a $158 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.