KETTERING, Ohio, May 12, 2008 (BUSINESS WIRE) -- GE Money and National Rural Utilities Cooperative Finance
Corporation (NRUCFC), a not-for-profit finance cooperative that serves
rural utility systems, today announced a multi-year agreement to
provide a consumer credit program through NRUCFC's electric
cooperative member organizations for homeowners looking to finance
home improvement projects, including energy efficient enhancements.

Two financing programs, managed by GE Money's Sales Finance unit,
are available: ClimateSelect(SM) provides a revolving line of credit,
which can be used for initial and add on purchases; while
PROJECTLOAN(SM) is an installment financing option. Both programs
require no annual fee or down payments and enable consumers to budget
for their home improvements with low monthly payments.

The electric cooperative network serves more than 40 million
people in 47 states and accounts for approximately 10 percent of total
U.S. electricity sales. NRUCFC's membership comprises 900 electric
cooperatives, including distribution systems and
generation-and-transmission (G&T or "power supply") systems.

Consumers can use ClimateSelect(SM) or PROJECTLOAN(SM) to finance
energy-efficient home improvements, utility repairs and replacements,
including renewable energy conversions such as photovoltaic/solar
cells, wind turbines, and geoexchange systems.

"Our co-op member organizations have kept the lights on in rural
communities across America for more than 50 years. Today, they are
seeking new ways to help their consumers create and conserve energy,
and these GE programs will help them turn their renewable ideas into
reality," said Laurie Greene, program director for NRUCFC. "We are
pleased to offer these homeowners a new and convenient way to finance
the utility services they need."

"Our financing program complements NRUCFC's comprehensive
selection of financial tools for co-op members and their customers,"
said Bruce Christensen, vice president and general manager, Home
Improvement, GE Money - Sales Finance. "The utilities industry is
complex and ever changing, and we are proud to partner with NRUCFC to
provide a solution that simplifies and eases the financing process for
homeowners who seek green sources to power their home."

About National Rural Utilities Cooperative Finance Corporation
(NRUCFC)

NRUCFC is a non-stock, member-owned finance cooperative that
serves the nation's rural utility systems, the majority of which are
electric cooperatives and their subsidiaries. With more than $18
billion in assets, NRUCFC provides its member-owners with an assured
source of low-cost capital and state-of-the-art financial products and
services. By providing financing that supports reliable, affordable
electricity, NRUCFC helps enhance the nation's electric infrastructure
and improve the quality of life in rural America. Visit
www.nrucfc.coop for more information.

About GE Money

With more than $200 billion in assets, GE Money, a unit of General
Electric Company, (NYSE: GE) is a leading provider of retail banking
and credit services to consumers and retailers in more than 50
countries around the world. With more than 130 million global
customers, GE Money, based in London, UK, offers a range of financial
products, including private label credit cards, personal loans, bank
cards, mortgages, debt consolidation and home equity loans and credit
insurance. More information can be found at www.gemoney.com. GE
Money's Sales Finance unit, based in Kettering, Ohio, provides private
label credit card programs and financial services for consumers
through dealers; national, regional and independent retailers;
associations; contractors; manufacturers; healthcare practices; and
service providers in more than 20 industries including: automotive,
consumer electronics and appliances, elective health care, floor
covering, home design and improvement, home furnishings, jewelry,
music, powersports, outdoor power equipment, sporting goods and
travel.

GE is Imagination at Work--a diversified technology, media and
financial services company focused on solving some of the world's
toughest problems. With products and services ranging from aircraft
engines, power generation, water processing and security technology to
medical imaging, business and consumer financing, media content and
advanced materials, GE serves customers in more than 100 countries and
employs more than 300,000 people worldwide. For more information,
visit www.ge.com.

NOTE: May is National Home Remodeling Month

(C)2008 General Electric Company, All rights reserved.

SOURCE: GE Money

GE Money
Cristy Williams, 678-518-2596
cristy.williams@ge.com
or
CFC
Lauren Nagy, 703-709-2065
lauren.nagy@nrucfc.coop

Copyright Business Wire 2008