Cooperative Financial Professional Certificate (CFPC)
Cooperative Financial Professional Certificate (CFPC)

Who Should Attend

  • Mid to senior finance professionals
  • CEOs and other non-finance senior leaders

Real-World Benefits

  • Enhance effectiveness at managing the financial aspects of your cooperative
  • Gain the skills needed to identify and take advantage of strategic opportunities
  • Integrate finance expertise and business stewardship practices to achieve business results

Program Description

NRECA and CFC have partnered to deliver a competency-based, interactive program for experienced finance professionals and senior leaders. Participants learn the concepts and practices needed to provide effective financial and strategic insight and successfully position their cooperative for the future.

This two-week program is held in Madison, WI and Dulles, VA.

Topics include:

  • Financial Leadership: Balancing Stewardship and Business Partnership
  • Environmental / Business Scan of Industry
  • Equity and Debt Management; Managing Working Capital and Liquidity
  • Capital Credit Allocation and Retirement
  • KRTA and Financial Trend Analysis
  • Financial Analysis and Forecasting
  • Capital Expenditure: Capital Budgeting, Lease vs. Purchase, Utility Plant Decisions
  • Electric Rates: Rate Design and Cost of Service, Revenue Requirements
  • Financial Policy

 

About the Capstone Project

The Capstone is a culminating project that provides the opportunity to reflect on and apply knowledge and skills acquired during the program. 

logo-capstone.pngParticipants work with their leadership to identify finance-based projects that address current challenges & strategic goals. Projects are worked on during and outside of class and are due three months after the program ends.

Capstone Project Guidelines

CFPC Flyer

2017 Fall Program

2017 Spring Programcfpc_spring_2017.jpg

2016 Fall Program
for_website__cfpc_spring_2017.jpg

2016 Spring Programfor_website__cfpc_spring_2017.jpg

cfpc-schedule.png

In Their Own Words

Here is what a few Financial Professionals have to say about their experience with the CFPC program:

I strongly encourage participation in CFC’s Cooperative Finance Professional Certificate (CFPC) program. Since the program’s inception, we have had a number of employees complete the program, and it has proven to very valuable. Whether you’ve been an employee of a co-op for years or are new to the electric utility industry, the CFPC curriculum provides a comprehensive understanding of financial topics and tools relevant to electric cooperatives. Additionally, participants join a strong network of co-op colleagues to share experiences and ideas. I highly recommend this program to staff from both distribution and G&T cooperatives who are interested in becoming the “go-to” financial expert at their co-op."

Lark James, Senior VP-Finance & CFO 
North Carolina Electric Membership Corporation (NCEMC)
Raleigh, North Carolina


Even with 22 years of senior finance leadership experience in electric cooperatives, the CFPC program provided me with surprising new insights, tools, and professional contacts.  The Capstone Project challenged everyone to use an analytical and collaborative approach to exploring and implementing our individual financial strategies.  Everyone had the chance to learn from and mentor others and build lasting, trusting relationships.  I’ve since sent several of my team members to the CFPC program. Each has come back with a better a better ability to conduct in-depth analysis and the skills needed to pull all the elements of co-op finance together in a meaningful way."

A. Tod Young, Director of Finance and Accounting 
Flathead Electric Cooperative, Inc. 
Kalispell, Montana


I took the CFPC program after having been at my cooperative for less than 4 years and with a minimal amount of electric cooperative finance experience.  The program helped put the big picture together and gave me the chance to network with a variety of cooperative employees in different roles.  The Capstone Project is challenging, but well worth the time and effort.  I did mine on a topic related to issues management wanted addressed.  I’ll use the findings from this project to make a presentation to our Board at the next Board Retreat.  Overall great program and I highly recommend."

Michael Weeks, Chief Administrative Officer 
Tri County Electric Cooperative, Inc. 
Saint Matthews, South Carolina


The CFPC training was very beneficial to me. I especially benefited from the Capstone Project and trust that my Investigation of Residential Demand Metering will positively impact the Cooperative and provide for a fairer way of billing all our residential members.  In fact, shortly after returning from the CFPC my Board was discussing ways to ensure all members paid their fair share.  I was able to use the insights gained from CFPC instructors to suggest a new 3-part billing system, which the Board has recently endorsed."

Ralph Bland, Financial and Administrative Manager
Sac Osage Electric Cooperative
El Dorado Springs, Missouri
 
 
noyes_susan.jpg
"I took the CFPC program after a year in my role at my first cooperative, and I greatly benefited from all the cooperative finance topics.  I also enjoyed meeting and networking with cooperative leaders and learning about their success and struggles.  I continue to reach out to them when I have questions.  For my Capstone Project I prepared two 10-year forecasts to assess the impact of building a new headquarters.   The Capstone Projects are designed to meet a project you are currently working on or an issue you want to analyze deeper."

Susan Noyes, Manager of Finance
McLeod Cooperative Power
Hutchinson, Minnesota
Contacts

For program information, contact:
Jeanette Will, Senior Program Manager
703-907-6374
jeanette.will@nreca.coop

For registration questions, contact:
Accounts Receivable Department
AccountsReceivable@nreca.coop 
703-907-6875

​​CPE Credits

The Cooperative Financial Professional Certificate (CFPC) is comprised of approximately 65-80 credit hours​​. Registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual course for CPE credit.

Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN 37219-2417. Phone: 615-880-4200.

Contact Us:
Certification/Continuing Education
Angie Hylton
703-907-5656​
angie.hylton@nreca.coop

National Rural Electric Cooperative Association (NRECA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org​.