2 Kilowatt JANUARY 2012 the INSIDE YOUR CO-OP
A Touchstone Energy Cooperative
By Dennis Krueger general manager
Kiwash Electric
Cooperative, Inc. Providing the service
that lights up your life.
Office Location PO Box 100
120 W. 1st Street
Cordell, Oklahoma (888) 832-3362
www.kiwash.coop
Find us on Facebook Staff
Dennis Krueger manager
Gene Smith director of finance
Lisa Willard director of communications
Roy Dewees director of operations
Board of Trustees officers
Jack Sawatzky president
Robert Travis vice president
Virginia Walker sec.-treasurer
John Schaufele
asst. sec.-treasurer directors
Ralph Cunningham Leslie Hinds Rex Eagan
We'll help your business take the next step.
businesses in western Oklahoma. Revolving loan funds may be used to build infrastructure, improve factories, renovate existing businesses or fund new ventures. Cooperative memberships is not required. Give us a call at 888-832-3362, or visit
www.kiwash.coop for details and loan applications.
beyond simply selling electricity. Since the 1930s the board of directors and management of Kiwash Electric has had a strong sense of community. We recognize that our members expect us to be good neighbors and our commitment to our membership and the land that we serve has always been strong.
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Although many of our members may not be aware of it, Kiwash Electric Cooperative is actively involved in new job creation and job retention in our service territory. Seventeen years ago Kiwash began a revolving loan fund for the purpose of economic development. This loan fund is based on a federal application through USDA Rural Development. The program is known as the Rural Economic Development Loan and Grant program, or REDL&G.
Through REDL&G, a matching grant allows new federal grant funds to be intertwined with local funds to create a re-lending loan program.
iwash Electric has always believed that we have an obligation to our membership that goes
To date, Kiwash has worked with municipalities, industries, and business leaders to create over 120 jobs in our six-county region. These and improved the overall economy of west-central Oklahoma. Projects funded by this revolving loan fund have built vital infrastructure, improved factories, helped new businesses open, and renovated existing retail establishments.
Kiwash is interested in lending to existing or start up businesses or industries that are creating new jobs for western Oklahoma. New job or job retention is a major factor in determining an eligible entity. These loans must be structured in such a manner that mortgage rights for land, building and/or permanent equipment is incorporated within the loan application. Loan interest rates are factored based on New York prime lending rates, and terms of loan will be based on collateral offered.
This program was established to complement the lending abilities of local banks as well as provide
a competitive advantage for our local companies. Kiwash is willing to work cooperatively with local requirements. We believe there is a small niche market in which Kiwash Electric's revolving loans can assist to create new jobs and diversify our local economy. Additional information and loan applications can be found at
www.kiwash.coop under the Economic Development section.
One of the seven principles guiding Kiwash Electric Cooperative for the last 73 years is “concern for community.” In other words, Kiwash Electric works for sustainable development of our communities through polices accepted by our members. We believe the Kiwash revolving loan fund is just one of the ways we keep our communities sustainable.
Keeping our communities strong Revolving loan program helps local businesses grow
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