CFU is Financially Sound and Prepared for the Future

CFU makes smart financial decisions to ensure we can serve our customers well now and in the future.

As a public utility, we are owned by the community which means we work on behalf of our customers. We do not maximize profits for shareholders. 

Each decision we make is for the benefit of our community and ensures we provide reliable and affordable utility services. 
When we make improvements or upgrade equipment, we do so only when it is a good financial choice for our customers. 

CFU Board of Trustees Balances Need to Keep Rates as Low as Possible and Invest in the Future

Our rates and policies are set by a local Board of Trustees who live in Cedar Falls and use CFU services. Their choices balance the need to keep rates as low as possible and invest in the infrastructure required for the future.

Utility revenues are reinvested in local infrastructure and technology to continuously improve our services. This includes setting aside money for long-range planning and large financial investments.

CFU is in a Strong Financial Position for Future Projects

Our long-range planning has included saving to help fund new generation. Our local power plants are over 50 years old and we 
know it is time to consider what comes next. Because of prudent planning, we are in a strong financial position to do so.

In 2025, CFU is evaluating building an energy center to provide a local power source for our community. 

The unique flexibility of the energy center would allow for ultra-fast starts and stops and provide power as needed to quickly adjust to the renewable energy supply. Learn more about the next generation of energy at cfu.net/generation.

CFU is fortunate to have an involved community that believes in and supports our mission. This allows us to continue to provide vital utility services specifically tailored to the needs of our community and customers.