RCAP and CoBank Partner on a Leasing Program for Rural Water Systems

Washington, D.C., January 20, 2026 – CoBank and the Rural Community Assistance Partnership have announced a new leasing program designed to upgrade water meters and other much-needed equipment that keep rural systems functioning properly and efficiently.

For years, CoBank and the RCAP have worked together to support rural water systems. These systems provide safe drinking water and proper wastewater treatment, and it is imperative that rural systems have flexible financing options.

The water meter leasing program will provide rural systems a unique and expedited alternative to traditional financing, covering the entire cost of new meters and installation and is a great alternative to large upfront capital investments. Upgrading aging water meters also improves billing accuracy and the overall performance of the water systems.

“CoBank lends to water systems across rural America, but most people are surprised to learn that many of the items needed to run their day-to-day business can be leased,” said Julia McCusker, sector vice president of CoBank’s Water Infrastructure Banking Group. “We are very excited to partner with RCAP on this financing program and look forward to helping even more rural systems provide the best service they can to their communities,” McCusker said.

“CoBank has been a great partner of small and rural water systems for many years,” stated Olga Morales-Pate, RACP’s Chief Executive Officer, “This leasing program will offer another option in the lineup of financing opportunities available for our members and will be especially helpful for those interested in replacing meters.”

Lease financing under this program is also available for various types of water and waste-related specialty tools and equipment.

For more information or to submit a request form, visit https://www.rcap.org/leasing-program/or email [email protected].