Creedmoor Volunteer Fire Department Receives a $800,000 Zero- Interest Loan for Fire Truck
The Creedmoor Volunteer Fire Department (CVFD) has a new ladder truck in its fleet thanks to a zero-interest loan provided by Wake Electric. The funds were loaned by Wake EMC as part of the Business Development Loan program through North Carolina’s Electric Membership Corporation (NCEMC). The program provides zero-interest funds to local electric cooperatives who in turn lend the money to local entities for projects that support rural areas.
The $800,000 loan from the electric cooperative will go towards an E-ONE Custom HR 100 Ladder for the Elm Street fire station in Creedmoor. “This loan program underscores an important cooperative principle: concern for community,” said Wake EMC General Manager & CEO Jim Mangum. “This is why our co-op was originally founded, to meet a need that existed in our community.”
The new truck will help the fire department deliver their services in a safer and more effective manner and will serve alongside a Spartan EVR Star Series Pumper Truck that CVFD financed through Wake EMC in 2016.