The Coon Creek Fire Commission (Coon Valley, Wis.) has been awarded a zero-percent loan from Vernon Electric Cooperative (Westby, Wis.) The loan is to be used toward the funding of the Commission’s new fire engine.
Vernon Electric received a Rural Economic Development Grant in the amount of $296,500 from the United States Department of Agriculture (USDA). Those USDA funds were bolstered by Vernon Electric to provide an interest-free loan in the total amount of $356,086 to the Coon Creek Fire Commission. As the money is paid back to Vernon Electric over a 10-year period, the funds will go into a revolving loan fund that can be used to provide future economic development loans.