The Karnes City ISD Education Foundation, a local charity promoting excellence in education has received a $2,500 donation from Karnes Electric Cooperative and CoBank, a cooperative bank serving vital industries throughout rural America.
Based in Karnes City, Texas, Karnes Electric Cooperative provides electric service throughout South Texas. Karnes Electric Cooperative supports The Karnes City ISD Education Foundation annually through various fundraising events.
“The Karnes City ISD Education Foundation does an excellent job in identifying student educational needs and providing the necessary resources for students to succeed,” said Brad Bierstedt, KEC’s General Manager. “We are happy to be a part of such a great organization.”
Karnes Electric Cooperative’s donation was matched by CoBank through its Sharing Success program. Sharing Success was established in 2012 to celebrate the International Year of the Cooperative. Since the program’s inception, CoBank and its customers have together provided more than $25 million in support to charitable organizations across the nation.
“Sharing Success has had a broader and deeper impact than we ever imagined,” said Tom Halverson, CoBank’s president & chief executive officer. “We are delighted with the growing participation in the program by our customers, and deeply grateful to them for their assistance in identifying worthy charitable causes deserving of our support. We look forward to partnering with our customers once again this year and to sharing our success, in the best cooperative tradition.”
CoBank is a $126 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.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
For more information about CoBank, visit the bank’s web site at www.cobank.com.
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