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  Mecklenburg Electric Cooperative  
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John Lee Re-Elected as Member of NCSC Board of Directors

Also Elected by Peers to Secretary/Treasurer Officer Position


 

 

CHASE CITY – John C. Lee, Jr., president and CEO of Mecklenburg Electric Cooperative (MEC), was re-elected to the board of directors of the National Cooperative Services Corporation (NCSC) at its annual meeting on June 13, 2017, in San Antonio, Texas. In the organizational meeting following the finance cooperative’s annual meeting, Lee was elected by his fellow directors to serve as a board officer in the position of Secretary/Treasurer.

 

Lee will be serving his third three-year term on the Board of the Dulles, Virginia-based utility finance corporation. Lee was elected by a vote of the membership of 430 electric cooperatives across the nation to represent District 1. District 1 encompasses the states of Connecticut, Delaware, Indiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and includes the District of Columbia.

 

“Looking back over the past six years, I am very proud of the advancements we have made at NCSC and I look forward to being part of the next three years of work. Our progress has made the organization stronger, we have maintained and enhanced the cooperative’s sound fiscal condition, and perhaps most importantly, we have put NCSC in a robust position to continue offering competitive financing opportunities to those it serves, now and into the future,” states Lee.

 

He adds, “During that period we have strengthened our loan portfolio and done so with prudent transactions…secured and executed only after rigorous review to identify and mitigate risk. Accordingly, NCSC is financially strong, well-grounded but appropriately agile and, I believe, properly suited and well-equipped for future success. I am pleased that the membership across the country chose to allow me to continue my service on the NCSC Board of Directors.”

 

NCSC is a privately funded, member-owned cooperative that began operation in 1981 to provide specialized financing services to utilities. Its portfolio includes in excess of $610 million in outstanding loans to cooperatives, cooperative subsidiaries and investor-owned utilities. The organization has assisted cooperatives in expanding their reach through loans for telecommunications, non-electric products and economic development by providing competitive financing.


Providing loans for economic and business development through its associate loan program is another way NCSC helps its members become more competitive. These loans provide the means for electric cooperatives, through their subsidiary organizations, to offer non-electric services to their members and invest in local community projects.

NCSC has funded many types of projects through the associate loan program, including community development, water/wastewater projects and propane services. The organization is governed by a 10-member board of directors, democratically elected representing five geographic districts.


About Mecklenburg Electric Cooperative

Mecklenburg Electric Cooperative is the not-for-profit energy provider to over 31,000 meters located in portions of the Virginia counties of Brunswick, Charlotte, Greensville, Halifax, Lunenburg, Mecklenburg, Pittsylvania, Southampton and Sussex and the North Carolina counties of Granville, Person, Northampton, Vance and Warren. It is a Touchstone Energy Cooperative, headquartered in Chase City with district offices in Gretna, Emporia, and Chase City.

 

 

 

 
 

 


 
 

This institution is an equal opportunity provider and employer

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