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The National Rural Utilities Cooperative Finance Corporation (CFC) is a member-owned, nonprofit finance cooperative committed to supporting America's electric cooperative utilities. With assets totaling approximately $34 billion, CFC provides financing to over 1,000 members and associates, including electric distribution cooperatives, power supply cooperatives, and statewide and regional associations.
Founded with a mission to aid the electric cooperative network, CFC operates under the seven cooperative principles, emphasizing service, integrity, and excellence. The organization plays a crucial role in ensuring that rural communities across the United States have access to affordable, reliable, and sustainable electric power.
One of CFC’s key initiatives includes the Key Ratio Trend Analysis (KRTA), an annual report that assesses financial trends among electric distribution cooperatives. The latest KRTA report for 2022 highlights significant growth in consumer numbers, utility plant investments, and strong financial metrics despite economic challenges such as rising power costs and inflation. For instance, consumer growth nearly surpassed 1%, while investment in utility plant saw an impressive increase of 8.16%.
Further demonstrating resilience, CFC reported that both accounts receivable over 60 days and write-offs have declined to historic lows, indicating robust financial health among cooperatives. These achievements underscore the effectiveness of the cooperative business model in maintaining financial stability even in challenging times.
Recent News: On June 16, 2023, CFC released preliminary data for its 2022 KRTA report, showing continued growth in key metrics among electric distribution cooperatives. The resilient performance amidst rising power costs and inflation highlights CFC’s pivotal role in supporting rural electric cooperatives.
For more information on CFC’s work and services, visit www.nrucfc.coop.
The National Rural Utilities Cooperative Finance (CFC) has announced the launch of a Retail Subordinated Notes program, enabling the company to issue subordinated deferrable notes to retail investors. According to CFO Ling Wang, this initiative will diversify their investor base and provide more frequent market access. The offerings will be made through an SEC-registered shelf registration statement, with terms detailed in prospectus supplements. Interested investors can access documentation through the SEC's EDGAR system and should contact their brokers for additional information.
The National Rural Utilities Cooperative Finance (CFC) has announced an upcoming investor conference call and webcast scheduled for Friday, October 25, at 1 p.m. Eastern Time. During the event, CEO Andrew Don will provide a business update, while Senior Vice President and CFO Ling Wang will review CFC's fiscal year 2025 first-quarter financial results.
Investors can participate through two options: a live webcast available on CFC's investor Webcasts & Presentations page (with pre-registration available), or via conference call (Domestic: 800-289-0438 | International: 323-794-2423, Participant Code: 1393878). A PDF of the slide presentation will be accessible on the day of the call, and a replay of the webcast will be available after the event. CFC's Form 10-Q for the period ended August 31, 2024, was filed with the SEC on October 11.
The National Rural Utilities Cooperative Finance (CFC) has announced an investor conference call and webcast scheduled for Monday, August 5, at 1 p.m. Eastern Time. CEO Andrew Don will provide a business update, while Senior VP and CFO Ling Wang will review CFC's fiscal year 2024 financial results. The event can be accessed via a live webcast or a conference call. CFC's Form 10-K for the period ended May 31, 2024, has been filed with the SEC and is available on CFC's website and the SEC's EDGAR database. A replay of the webcast and PDF of the presentation will be available on CFC's Webcasts & Presentations page after the event.
On June 27, 2024, the National Rural Utilities Cooperative Finance (CFC) released its 2023 Key Ratio Trend Analysis (KRTA) report, highlighting the financial trends of electric distribution cooperatives. Despite high-interest rates, these cooperatives showed resilience with continued consumer and utility plant growth, maintaining strong financial metrics and improved margins. Consumer growth was at 0.89%, with some states like Florida, Idaho, and Utah experiencing over 2% growth. Utility plant growth exceeded 5%, the highest since 2008. Inflationary pressures, particularly power costs, have been managed well, enabling higher margins and healthy coverage ratios. Accounts receivable and write-offs remained at pre-pandemic lows. The report is based on data from 812 cooperatives, calculating 145 financial and operational ratios for comprehensive performance analysis.
The National Rural Utilities Cooperative Finance Corporation (CFC) will host an investor conference call on April 18, 2023, at 10 a.m. EDT. CEO Andrew Don will present a business update, while CFO Ling Wang will discuss the third-quarter financial results for fiscal year 2023. Investors can access the event via a live webcast or a conference call. Pre-registration is encouraged for the webcast, and a replay will be available on the CFC’s website post-event. CFC, a nonprofit finance cooperative with $34 billion in assets, is committed to serving America's electric cooperative network.
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