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$448,393 | Since 1998
|Rural Loans Made
Co-op Has Loaned Over $2,600,000 For Rural Development
Since 2000, Wheatland Electric has invested more than $2,600,000 back into the communities it serves through its partnership with USDA and the Rural Economic Development Loan and Grant Program (REDLG). The program makes low to no interest loans available to certain qualifying community and economic development projects. Concern for community, one of the seven cooperative principles, has been a hallmark of Wheatland since its inception and this program is a clear example of their commitment to that principle.
Loan funds from the program can be used in two ways, the first is for community development projects. Over the years, these community development projects have included initiatives like helping to establish a dentist office, providing funds for the purchase of a fire truck and partnering with a local school district to build a high school fieldhouse.
In 2010, officials from USD 466 in Scott City, learned of the funds from a Wheatland representative at a community meeting held to discuss the funding of the school’s new fieldhouse locker room.